Friday, September 23, 2016 12:33:32 PM
If we can hold here, it would be a good sign to me. If we hold here for the next month, it would be a good sign to me. This has been a nice lift and would be encouraging to stabilize here as the base pps ready for the news that pushes the stock on another run and new level.
If this activity is a precursor of significant news, deal, one would anticipate it should be in the near future and the insiders are building their position now. That's an upside way one could think about it. And one might ask, why are we seeing this trend? Doubt it's short covering.
With the relative high volume the last few days, why so slow today? Why the intra day drop off from yesterday's high? That looked some profit taking to me. Has an insider filled their position and we'll go back to a relatively light trading until the next event? I hope we hold and wait for the next event. We'll see.
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