Positive Possibilities (MONEY)

[bowonwing]

thanks mud. GLTY. from tzm on IDMI i-hub mb:
In my opinion, those of us that want to be long IDM should try not to sell the week prior or the week of an EMEA meeting. I have no reason to expect anything to come from next weeks meetings because IDM has said many times that we won't get a decision until the third quarter. However, I feel that there is an above average chance that news surfaces around the timing of the meetings.

Those Longs who are nimble and can jump in and out of IDM might consider this if they are trying to time a big move.

As far as last weeks price action goes, I see it as nothing more than sideways drifting. The market seems to like IDM to be between 2 and 2.60 right now but there is a slight upward bias. It will take another accumulator, news, or a big seller for us to get significantly away from this range but this is just an educated guess of course. The problem is that things can happen very rapidly in IDM and so I've always believed in maintaining a core position.