Replies to post #35 on XL Capital Ltd (fka XL) (XL)

[garza]

I was going to ask that. You guys think there is more run left on this baby? What's a realistic target given what was announced during earnings (since I didn't even know about them)?

[Lenderboy]

XL runs in nice orderly candles (for the last 3 months). If you look at the chart, even when there are big candles, there aren't big gaps. So, keeping with that theory, if we're in a normal bull cycle on XL we might open at 4.85 go to $5.25 and then back down to $4.65 to fill the gap (before going back up). This time though, I think we're going to gap, go higher, and never look back.

I say open at $6.10 and jump to $8 within an hour of trading.

Anything short of that, and I will be disappointed.

(how's that for some hype)

No, but seriously, the RSI just broke 50 for the first time in half a year, and none of the indicators are anywhere near overbought. I think we're headed to $7 within a week's time.

Look at the gaps on Oct 13-15. There were entire dollars missed. I think we're due for a week like that. $10 isn't out of the realm of possibility by options expiration. That would be some max pain for some people, wouldn't it.