Jag, I just don't see "weak or short term holders". Yes, there are a few, but with each day that list really declines. I can't see the behavior that your looking for. It just doesn't come.
Here's a thought. With the number, type, and leanings, of the current share holders, maybe the "base" is over a buck? I'm guessing that it is. I'm not sure we're going to see those .40, .50, .60 "consolidations".
I know it defies logic but so doesn't HEMI. I think that the holders KNOW HEMI is going over a buck and why should they sell before. After a buck, well that's another look.
A lot of us are STILL BUYING. So where and who are the "consolidators"? Let it drop a penny and watch the buys and FROM ANY LEVEL.
This week will be interesting and I'm in agreement that it is really hard to predict. Think about LASTS week and our predictions about this week. Anyone predict over .30 EOW???????
Ok, so next week???????????
How's this. The prediction of .50 for the month of Feb will be broken by the middle of the month. Just a prediction. AND no day traders. WHY because day traders are looking at the charts too and they are seeing "oh chit, HEMI is due for a retraction big time". So, they stay away. GOOD!
Ok, just my two cents worth and I guess I'm going to have to say that Hemi will be up OVER two cents next week! LOL OOOOOOOOOOOOOOOOHHHHHHHH this is getting scary!
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