American Leisure Holdings Inc (AMLH)

[ctbone72]

When a stock moves sideways in a channel, it can mean only one thing. Those who have shares are not selling and those who do not have shares are waiting on the sidelines for news. The small fluctuations within the channel are just noise and this will not move until either longs are tired of waiting for news or news comes. I do not get the sense that too many longs are impatient at this point, so I believe the only thing that will move this one way or another in the next month or two is news.

The only bet at this point is whether the news will be good or bad. I have placed my bet and I am going to let it ride until the curtain is dropped.