Joe,
you're probably right. That's how I felt about 3 pts ago, but
I felt that after today, we may be due some consolidation. BUT,
if as you say, the revisions, upgrades start coming out, then
better to play safe and wait for better trading days.
See even you are uncertain. I just don't sell into uncertainty. It's almost as bad as selling into panic. Never a good thing to do IMHO.
Remember though, after that COMS earnings report? Something
like 6 strong upgrades? And where were we a week later???
I know this time is better, but is it enough still? Is it
a little to fast? You probably think not. Maybe you're
saying that even if COMS wants to stop the flow of good
news, the ANALYSTS won't let them. But the ANALAYSTS are
in cohoots with the Fund Managers.
Yup and by the looks of it, several fund managers already have enough COMS to last them, so they want to drive the price up now. Look at the slow accumulation of COMS over the last couple of weeks that we were talking about. This was fund managers, not the public. Remember all those big blocks. The small investor doesn't buy 100K blocks of a stock at $30+ a piece. It just doesn't happen.
Some funds are already in and now they want to draw the others in as well as the public. Then it's time to sell ;-)
Steve |
