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I sold the other half of my position today at 29. I didn't want to , but the spouse was on my case. However, I bought it back at 30, (plus more shares than I had sold), still reeling from not having bought SEEK a few days ago. I think I'm a pretty good technician, (formerly a trader of "house money" for a member firm,) and the stock has done nothing to invalidate my long term price target of 80+. However, having witnessed the explosiveness of the internet sector especially over the past few weeks, I just had to get back in when I saw the volume. Also, RNWK has filled the gaps in its chart. Because,I like what I'm seeing in IBM right now, it makes me think that the upward momentum is to be continued. Does anyone here think that the market is rather bubbly, frantic.....you supply the adjective! I've never seen this type of movement in the market. It's a bit scary, IMHO. |
