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Tom, Good questions, but it's not so easy to answer them. Any thoughts from others would be appreciated. Kind of a mixed picture short term for the stock price. Long term stochastic has not turned around [as mentioned before, this one is always late, but is useful for not getting one jerked around so much]. But, SFE did hold its lows of the previous early May test. Often the market has a better tone right before and after a holiday, so coming off a wicked recent sell-off, and oversold, my guess is no immediate danger of big downside. There is a slight tendency for the market to do better the last few trading days of the month, and the first few of the new month [Yale Hirch- well known studies]. If Don Wollenchuck is right about a down post expiration week, then up, that would lend support coming up. In sum, definitely a mixed picture, but partly because of your question and having to focus for a few minutes, I went ahead and bought a small part of trading position back. Not wedded to it if we fall apart, but heck, the stock is still off $20 from just a week ago. That certainly takes some risk out. Will ponder other aspects of your questions when time is available. Is the first IPO scheduled for June or July? What do others think? thanks, Mike |
