Yes mark, a veritable dragon fly doji alright, particularly since it sank below 40 before recovery. I was not around so I did not see that sinking spell, any saw what was actually happening? If the volume was closer to 700,000 shares (more than triple the average) I would call this a price volume reversal, but at 50% or above average, it does not qualify. I think that this rally will continue a little, but it is my guess that it will stall at around $52.
It is with deep sorrow that the turnips announce another call on the dot (if you do not blow your own horn, no one will blow it for you, old Jewish wisdom <G>). Few months back when RMBS was roaring above 100, the thread there asked for year end price projections, and the turnips responded with $122, a double from an interim low of $61. Of course, the turnips were donned the "shorter" hat as usual. Unfortunately, RMBS hit prices below $61 and three months ahead of schedule (the turnips did miss on the timing).
Zeev |
