I just think that Friday's pull-back was expected and actually good for a healthy stock. Is the pull-back over? I don't know. I do know that the volume for the pull-back was very low...this is also good. It is resetting for the next leg up in my opinion.
I think it will bounce back. As xbigshot says...whenever you get a pop, its followed by a drop. I expect a PR on monday about the dividend, we should move up again. Also, the chart was overbought, it needed to reset.
FWIW - on the daily chart it's still above the 10 SMA (10 SMA = .297). It still looks good. Will the MM's take more whacks at it prior to letting it run......I wouldn't doubt it. Will more negative posters that you've never seen here appear crawling out of under rocks with increasingly negative and seemingly lucid arguments w/ no known agenda other than fear & shaking shares.......count on it.
That said - no prediction from me. Do I think it's going up - yes & by quite a bit. Do I think it pulls back before that - I don't know and it wouldn't concern me if it did. As XBig said - and another chartist......look at the volume on the way up......and on the recent pullback. With the exception of Sept 15 - all red days for the last month have been relatively light volume compared to all other days. And 9/15 - I think that was just flippers taking profit figuring it was done....yet it went up another 90% the following 3 days. There is no comparison to normal pinky pullbacks w/ EIGH.........w/ the others - the pullbacks tend to have more volume on the pull backs vs the run up. This is the opposite......which is a good thang.
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