Dave,
Technically we are in a rather tenuous situation right now. We need to close above 8.26 in order for IDX to maintain it's current run, if we close below 8, IMO we will be at $7.00 or below in no time. The reversal that has taken place has been fast and furious, but as I have always said in the past, "SHOW ME THE MONEY". If we disappoint this quarter, we will all be kicking ourselves for not selling the stock at $8.00, because IMO the stock will be below $5.00. On the bright side, if we surprise, we could see $15.00 to $17.00 by year end.
I hope I have no offended or confused anyone, I haven't been posting because there really hasn't been much to add. We need earnings. I would post my weekly technical perceptions, but in the past, they have seemed to just piss people off.
Regards,
Rob
BTW I am happily long again. |
