John-
Thanks for the chart. I LOVE how this puppy keeps methodically back filling. This move is UNLIKE any of the major moves in the last 20 months....slow at first, but methodic, then BOOM...let's face it...we all saw the signs last week.
I'm feeling more upside move tomorrow. Of course there is resistance at $6...but there has to be more buyers on the sidelines. Even with a 50% profit, you can't afford to get off the rocket now. I think that's what we saw when we bounced at 5 3/4. I think there were alot of people who sold at $6 and thought they could buy it back on a classic VLNC bull trap in the low 5's. BUT, those traps were set and closed in a matter of 1-2 days in the past, sometimes HOURS (remember the last CC's bounce to $5.5 then plummet to $4.25?)
Here's something to remember...5 out of the last 6 days have been up days with a steady increase in volume to today's outragous 1 million+.
IMHO, the invite to the analysts was a green flag to many on the sidelines. It was only a week ago that I touted that there were "itchy" trigger hands on the sidelines. We busted through without a PR...as they say, "someone knows something...." and they told some friends!
Remember, we ALL said that the market would tell us when things were going well and the word was leaking out. I think 5 out of 6 UP days and a 50% move on no news is the validation we have waited for.
So, the speculation continues...my guess is that we will go up AGAIN tomorrow...the worm has just started to turn..I know I'll be adding to my position...
HC
P.S. Hey Lev, I kow you must be really busy right now, but how about that press release (any topic will do, as long as it is positive). Thanks in advance... |
