Donald and others, understand that these posts may not be pertinent to this thread, but until I hear otherwise, am continuing to plunge in....
LG, yes, there seems to be a bull run in this sector on the laggards, as I posted today on the amzn thread. For example, I bought quite a number of shares of OMKT below 9 today and it is up over 11 last time I looked.
Perhaps a sign of an intermediate top, as Donald suggests and so do I. However, I must put forth that this current inet rally does not fit past patterns. In the past of several quarters, these stocks have rallied for a few weeks up to earnings and then sold off after that. (Buy oon rumor, sell on news.) This time, perhaps because of the selloff in Sept, these stocks are rallying mostly afters the earnings report. Given the holiday season re: etail stocks, I am beginning to wonder whether they will sell off after earnings at all before the next earnings report. JMHO. As always, very much appreciate your posts.... |
