Replies to post #4868 on China MediaExpress Holdings, Inc. (fka CCME)

[Steev-o]

Traderfan, I don't think we're quite overbought yet. Yes, it's been climbing steadily, and the 10-day RSI has been steady at 70 for the last 2 1/2 days. But as Headley said, "FWIW, I think this run still has a lot of legs under it." I agree, and to paraphrase the real Hedley, I think they'd be "Lili, Lili, Lili, Lili, legs, Lili, Lili...I cannot finds the words to truly express my joy at the rekindling of CME's bullish stock movement".

And if you look at the 3-month chart, the RSI's only at 60; the stock's been a lot more overbought than this in the past. And considering the high short interest (and the company buyback), I think it'll keep going short-term, even though I'm a long-term holder.