>>What do you see for Monday? Will there be further wild fluctuations? Where is the support level? Will there be alot of index funds buying next week leading up to April 16th. What do the technicals say? Do you think the stock price reflects TSE300 and NAS already? Was Friday's drop just profit taking?<<
WARNING!!!!
The responses I am providing below are just my "uneducated, and uninformed" views. I have been right some times, and wrong on many others. Please take what I say with a large dose of salt, and do not let me influence your decisions. Remember, your money is yours - not mine, and you should be the one to make the call!
>>What do you see for Monday?<<
I really don't know. It might drop off a bit if there is no news over the weekend. I think we will see some nervous buying taking place.
>>Will there be further wild fluctuations?<<
I am sure that there will be. I expect this thing to be shaken like crazy this week.
>>Where is the support level?<<
I am not sure, I am not a Technical Analysts. Maybe someone who is, could respond?
>>Will there be alot of index funds buying next week leading up to April 16th.<<
I feel that they may be a bit more subdued this week. However, the action will really heat up Friday afternoon on the 16th.
>>What do the technicals say?<<
Once again, I am not sure, I am not a Technical Analysts. Maybe someone who is, could respond?
>> Do you think the stock price reflects TSE300 and NAS already?<<
No, not yet. I think that there is still room to go. It definitely does not reflect the NASDAQ price yet.
>> Was Friday's drop just profit taking?<<
In part. I believe that there was a concerted effort to pick up cheaper shares. The night before I recall telling a friend that it wouldn't surprise me to see the stock drop to the low $20 range for a bit, and then move higher. Now, did that prompt me to sell at +$30. NO! If I were day trading this then yes I would have. But I am not, and I am holding on for the long term.
Now, whatever you decide, I wish you all the best, and I hope your name holds true for you!
Crazy Canuk |
