Out With the OldBy my estimate we have traded more than 50 million shares since TD started the party a few weeks ago with a call for $1.25 in 12 months.
I believe chartists like that kind of heavy volume confirmation of an uptrend. In a simpler vein (excuse the pun), I think it puts a whole cadre of new investors into the scene with higher entry costs. Thus they will be more reluctant to take early profits or perhaps to take a loss if we see a setback.
Stockscores is based on trend and volume, so who am I to argue with a Buy Signal once again registering a perfect 98. They were right last time when we hit 80.
I find it tough to buy at these levels, but real easy to sit tight. I am still not convinced that this buying is based on drill core alone. It's just too damn persistent and strong. Drill core has an element of uncertainty. Can you imagine how amusing it would be if some other corporate goodies were to emerge as a contributing factor?