Wednesday, March 12, 2008 12:01:20 AM
tothe, there's been quite an effort to shake loose shares these last few weeks to no avail, and as the overhang steadily disappears we've entered a period of relatively low volume. if anyone who was truly long wanted to unload shares they've been given ample opportunity to do it, and they are holding tight.
some have viewed the quiet trading with some concern, but imo this is a very bullish sign. once we get action on the news front i'd say we'll make a giant move, because there's going to be no supply and all sorts of demand. these indicators, and the stability you mention, are consistent with a bottoming in the chart, and a new uptrend, but imo we'll see all these indicators pegging once the news flow returns to a more consistent rhythm. jmho.
some have viewed the quiet trading with some concern, but imo this is a very bullish sign. once we get action on the news front i'd say we'll make a giant move, because there's going to be no supply and all sorts of demand. these indicators, and the stability you mention, are consistent with a bottoming in the chart, and a new uptrend, but imo we'll see all these indicators pegging once the news flow returns to a more consistent rhythm. jmho.
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