Raystream Inc.(fka RAYS)

[stockpopper]

RAYS is trading with amazing strength today. What is important to remember is that the last time we were trading at these levels at the beginning of this week we achieved it in part due to the many scalpers and day traders.

Of course all these short term investors exited the stock during the shakedown, now we have come back to the same levels on the strength of long term investors.

So RAYS may be trading at the same level as it was on Tuesday but it is a much stronger stock, held by longs who will not sell on any small dip.

I expect the day traders and scalpers to begin re entering the stock once we surpass the $2.10 level. Just as they played a big part in driving RAYS from the $1.50 level to over $2. They could play a big part in driving RAYS from our current levels to well over $2.50

Once we surpass all time highs, the real fireworks begin!