Friday, October 30, 2009 12:02:45 PM
I am not much of a TA guy, myself, but from what I can draw from the various charts, we seem to be oversold and in a position to rebound from this long, slow bleed.
If we were to trade in the 5-7 range for a while, I suppose we could just call it consolidation until the next leg up.
But really, WTFDIK? Maybe we drop more. Maybe on Monday we see the start of a big ol' rebound. I honestly haven't got a clue.
What I'm pretty darn confident about is that we'll be trading at a much higher price this time next year. Likely we'll have experienced a couple spikes and selloffs in that time as well. Just have to weather the storm and have a gameplan for selling - and stick to it!
I've got a target price in mind, and I'm pretty sure it's not going to be achieved for a little while yet. So if this bleed continues, I say beautiful - more for me! More to sell at my target price.
~KS~
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