RE: RE: RE: PeakedI have read your posts (at other bullboards) and found quite logical most of the times. However at this stage I think it is very risky to sell (if you already own shares) given the fact that
a) volume was huge and finished at the top price today
b) summer doldrums are ending
c) if you look at the weekly chart, it is not suggetsing overbought levels by any chance. And also we need to understand is that the shares can be in overbought territory for some time.
I think your logic will hold good if it would have been a "normal" trading activity. By the shear volume, I would suspect that something is up or people has come to realise that its quite hard to find a company with such low cost of production and with management delivering their promises.
However I do think once it reaches 2.40-2.50, it will be a time to take 'some' profit. I am ready to wait for until next year April on this one. I have been waiting past two years. Few more months won't hurt.
Again, though, I like your posts Shiva.
Thanks