pennyheaven, I do not think Joe is 'nuts'. Every one is entitled to their own opinion.
But Again, I will bring up the 'Emotional Factor' that I have talked about so many times. Yes, it is true, that many stocks skyrocket, regardless of their market cap, revenues, etc. Like I said, when I owned Martha Stewart, her stock was 'screaming upward', while her company was 'loosing' money big- time.
My point is that, there are MANY things that can make a stock move, not just the technicals.