Check out the StockScore on ACTThis is just pumping by the way and not material to ACT specifically.
Click on "go to Snapshot" link at top of list of articles in ACT bullboard. Check out our Stock Score and Sentiment.
Below is the link to explain what each means. Sentiment is designed to smooth out the erratic moves up or down. 98% on Stock Score... 70% on sentiment.
https://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn_overview_help.asp%3Fsymbol%3DV.ACT
For newbies - if there are any here - check stockta.com to try and understand some of the technical analysis on our stock...
https://www.stockta.com/cgi-bin/analysis.pl?symb=ACT.C&num1=1&cobrand=&mode=stock
Just another reason to be happy we are holding this weekend.
NR's next week should see us over the .30 range. BNN analysts and CNBC traders keep talking about pullback and technicals and so warning us to expect a correction to the rally. But no one knows when. The less hyped up ones think we see general sideways trading in the markets for a few months. I suspect this will at least create calm in the barn so ACT can respond to news rather than get beat up based on general market sentiment dragging everything down.
I think the important take-away point is that in October 2008 it appeared that there was NO END IN SIGHT to the bad news and that in fact economy as we have understood it all our lives could be about to collapse. Since then the world goverments have shown they intend to get through this albeit a little sloppy and looking somewhat like a crab crawl...
I think this rally has indicated that the light at the end of the tunnel probably isn't a train. I think the largest economy in the world (USA) has calmed down because they have Obama at the reins. If George W was still running things for another 4 years I think there would be panic in the bug house...
That said, opinions out there still seem to think there is some pain to come but not like Mar 2009 or Nov 2008. Nov 2008 was more memorable because the fall - over 2 months - was from a much greater height and was being compared to the begining of 2008. Mar didn't have to fall much to make new lows. Analysts don't see dropping that far if we do have a correction, so higher lows and higher highs going forward.
Overall, as in the Hitchhiker's Guide to the Universe, DON'T PANIC !!! Seems like sound advice at this juncture.
GLTA
And remember, if you are new to investing, please do not follow my advice without talking to a parent or investment adivsor. Certainly use your own judgment and do as much research as you can do.