i have already got some back here at just over $6... i ended up selling ALL my shares Fri on the strength... but i feel naked without some SCON in my account <g>, i don't want to try and get too cute and not have any and watch it leave me behind... i have another buy in @ 5.86 if it gets there... after that, the previous resistance of 5.70 should now be support
ya know Tim, it's very possible SCON could eventually give back the majority of friday's gains... that's why i quickly sold 2/3 of my shares @ 6 and eventually dumped the rest... the fact that the rise in price was based solely on a newsletter rec is always suspect... there is no doubt that there was front-running before the rec was sent to subscribers,, on thursday it was kinda obvious something was up #msg-1750040 ... i mean, look at the volume that day before this "recommendation" was published... i don't want to call this a "pump-n-dump", but there's no doubt in my mind a certain amount of shares purchased before the "news" was released were sold into the strength the next day. The incredible volume is telling of a blow-off top, it may need some settling out, it could even fill that gap, back to 5.25. Or, like i said earlier 5.70 may be it, also depending on the overall market... a volatile little stock, not always easy to predict
with re to the overall market, IMTWO we are due for something more than a pullback to the 50ema,, that is getting too easy of a bounce to play... i think we're due for a test of the 100ema in the near future, but as long as the 50 holds, for now play it that way