DT,
Not very astute reasons, to say the least, especially from someone who is not a regular here.
Why would an investor take profits here, when the stock touched 265 on Tuesday morning?
Earnings are coming, with a very probable split, which regardless of not changing fundamentals, generally boosts the stock price before and after. RNWK just bought the MP3 leader, and they still hold an 85% market share in the niche.
I'm not saying it cannot happen, but only a fool would be selling tomorrow. You may as well wait until earnings after the last day and a half.
By selling, you are doing exactly what the market makers want you to do. Look at the trading pattern today, downs came on no volume, followed by lots of volume at a narow price range. Volume dries up, price drops quickly, more selling. Looks like panic to me, just like the manic buying going the other way.
This will buoy somewhere higher than this barring continued Net correction.
Later.
G |
