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Here we go--where? You guys, c'mon--the run is over for the short term, at least--it is the most common pattern to watch for any stock, though, granted, they all have their individual idiosyncracies. This will have to go closer to mid to low 30's to spark any real buying pressure again, and it is overpriced at that level anyway--until it really shows "something" to make investing in it a more "secure" risk as opposed to a wild frenzied ride. As far as the institutional buyig. Who is providing this info, based on what? What exact institutions? There are institutions who trade on momentum, and sell on it as well. Good luck--lock in some of your hard earned money. You can always buy back in after the "breather"! Volume has significantly dropped off, and it is unable to touch yesterday's high and unable to trade near today's high. All this points to the beginning of a short term correction, perhaps even a significant dump.. Sure--it will have technical pops off of the dumps, but the overall trend next week will be continued correction, IMO. Yes--I tend to be a short term trader. Please take no offense. I was an avid "IOMEGAN" a few years back, and ended up making a lot, then losing it all back. We were "die-hards" too. marie. |
