Hi Darrell,
<<Well, what do you think? We've all been waiting for EGGS to report, so that, we could jump on the I-net momentum train. Now, it seems that the momentum has died and that Greenspan plans to do "something" to ensure that the market doesn't continue its frothy ways. On top of that, we're starting to get snippets of "market" info from competitors which raise question marks. I don't know.>>
Well, I'm not pleased at the sentiment shift, that's for sure. And ONSL really took me off guard- I wouldn't have expected such a move this soon in the game- in fact, it's pretty shocking, if you ask me. Once again it goes to show how fast Internet time occurs. I think that James Irwin's recommendation to take half off the table if you're uneasy is a good idea until the quarterly loss is reported (which might be bigger than the past, BTW- don't be so sure losses will start to narrow quite yet) and we get some info. I will be paying a little more attention to TA. OTOH, that 100K block today looked significant, the stock continues to go up on volume and recede on lack of volume, and its hit relative to its peers was very minor- in fact it only started to back off the last 1/2 hour. Its RS was good today, IOW.
And I wouldn't worry about Greenspan this time around. He won't be the party killer, but a move like ONSL's is troubling.
Anaxagoras |
