Sigmund, fwiw,Norris posted on aol that he was a buyer if it closed "above 25 3/4". Otherwise he felt thqi would have to fill the gap created yesterday.
That we only closed at 25 3/4, ?,but today, so far is confirmation of the breakout. I used the 25 3/4 going back and it recreated the former support line which we fell thru on 5/21. IMO, we are where we want to be, but have to ask if we will stay. In that regard, we have entered the lower end of the channel at 26 which you or Bleeker forecast, whose lower support is the 50 dma, now at 25, imo. This we must hold after the bigger buyers have their fill. The overall mkt, summer doldrums, short term t/a, especially stochastics (now slightly overbought), Quest 64 and a little luck all must cooperate to get us higher.
A 3:2 split at about 30 would bring us back down to the same nos. we have been looking at, imo a psychological plus, we would still be looking to get to 30, where we have been before, w/ 50% more shares.
I just saw a 50000 share block go thru on the ask at 27, another up day w/ high volume in a crappy mkt, just like old times for a change.
stx79 |
