Odie,
Surely, part of the explanation must lie with the fact that when the SP raced up to 19 cents on Thursday it had become strong overbought.
Despite all this, and the low daily range, what we are seeing is higher lows. A break of 21.5 cents would make the next significant objective.
If you check out the news that broke today at Sun Microsystems (SUNW), there were various different PRs, all terrific. Despite all that, the SUNW SP only moved up about 5%, even if the higher after hours price is included. The SCMI chart looks great to me right here, and anyone who takes note of the fundamentals is now aware that the company grew significantly stronger today.
alj14
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