Thursday, June 06, 2013 10:55:54 AM
After a big gain on high volume, it shows strength when the stock does not continue the fly immediately. When that happens there is almost always a drop back down. Obviously we have not had a drop back down, nor gains after that big day.
Currently those who are happy with their gains here are flipping and getting out. They are following their strategy which is not to stay in a stock for too long ever, no matter how good it looks. Once those who have followed their strategy are out, there are no more sellers at this levels and a healthy leg up occurs and a new base is formed. Then this will actually look good again to those same investors and they will get back in and either follow their same strategy or stay in for a little more the next time around as they see the potential. Either way this is going up.
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