RE:Check the Chart!Stockgirl, as my dad said, "nothing ever goes straight up, but it does depend on why it went up". There are stocks that run almost straight up on promotions, gets over hyped and overbought, then collapses and sometimes never goes up again. Likely everyone has been caught by one of these ruthless stock promotions.
Taking a look at the SALT chart, it has taken a year to go from $0.30 to $1.90, it wasn't fast but slow and methodical, implying to me (I hope) that the technicals behind SALT are good enough to constantly bring in new buyers while allowing profits to be taken by people who entered at lower pricing.
I hope SALT is just taking a little breather, good volume for the morning with 201,000 shares and trading back up at $1.90. The frantic selling yesterday seems to have vanished, and the buying now is methodical, i.e. slight pullback but now infilling.
And the good part of the trading for stock, very little news and they are drilling.