Saturday, November 28, 2009 1:05:33 AM
And that's the good news.
This has been, is, and will be, a fundamentals play. The sizzle folks got some action twice so far and may get another shot or two before the fundamentals start driving the train.
Not to say that some folks who have played this as a momo play have made some nice money. I think the serious money will be made on the fundamentals play.
Looking back over the chart you can see at least two occasions
where the MM's have cleaned out the stop loss orders. That will happen again, I suspect prior to the next run up.
I have prepared for that circumstance.
It's one of those situations that if it doesn't happen, it won't cost me any money, if it does, there will be some nice profits to be had.
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