Probably due to very light volume today. Fridays can be that way. Lately someone comes in at the last half hour and places a very high volume order that jacks the price up. Can’t say that will happen today.
I’ve been pondering if the current trading range around $3.7 is still a good buy. I can’t do that because all my trading money is tied up in AWSL. I am speculating that AWSL may take off in a big way. One must have a vision that AWSL will start to rise several points a day and form some sort of topping action that would signal to a short range trader to sell. The topping action will become self-evident manifested by extremely wild price swings with very high volume.
I plan to ride it out because I envision that after everything settles out at a lower price, the rise will start to climb again. Then the next topping action will occur at a price that is even higher than the first one. We’ve already had a topping action with a high of $4.84 several months ago. I rode that one out and it looks like the price will rise again higher than the peak of the last one and I plan to be aboard. But like I’ve been saying recently, I am being impatient and want the rise to happen soon. And that’s the emotional side of my present attitude. There’s no room for emotion to drive decisions and here I’ll stick to my overall trading plan.
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