Jim,
Powerful rally today, it was amazing to watch.
One thing to note about the rally as far as I observed..
TICK never got to lofty levels, I think I saw +400 at the max. Which to me means this was either orchestrated, or it was a shallow rally. In the past when the market has rallied, and it was broad based, the TICK moved into the +8-900 area.
Alot of small cappers were flat to down today, and a few NAZ big caps didnt really participate. It seemed like a fishy rally today.
Did you see the news about IOM? A real fight between investors and analysts. Some analysts think IOM is lofty, selling its products barely above break even and trying to sell millions of their units. I dont think that type of plan works, unless you have a process advantage (meaning they are more efficient than the other guys and are keeping inventory levels down and holding costs down)
Again, I am not sold on IOM.
Did anyone see Rexall Sundown crash? Down 40% on a statement of slowing growth..
I think you are right about RAIN, it can catch fire and has in the past.. |
