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Looks like "critical mass" in investor psychology towards SFE has been reached today. Now $47 3/4 on 500K sh. Since this move up started from a much higher base than the first run [Jan-early Feb.] it is probably stating the obvious that SFE should finally blow through the 3 year triple top with conviction and continue much higher over the next days and months. A month ago, average trade was around 600 sh., now it is around 1,000. Part of critical mass being achieved is sudden frantic demand creating a huge jump in price, and that action alone catching the attention of others wondering why, investigating, [or not], and jumping aboard to catch the next big wave [dare we say CMGI] which causes further price jumps and recognition and so on. Almost repulsive to some, because it speaks of mania, greater fool theory, and mass [hysteria] psychology run amok, but played carefully with recognition of the forces at work can be very profitable [demand is still Demand]. The confluence of a lot of forces are coming together right now. VERT at $120, widespread and new recognition that bus. to bus. internet is where the big money will be, soon ICG which looks like it will have a rather mind bending market cap. when it trades and SFE's 26% and in the background, CMGI and so many people who would love to get in on the ground floor on that kind of action. The gasoline has been all over the floor, today someone threw a match. No turning back. Mike |
