RE: Looks like profit taking - posted May 6thWell folks it HAS happened and it looks like we bounced off $5.16. The volume was sharply lower today -- the second lowest in 6 months if my eyes are right. So it looks like someone big is finally out. The technicals are looking like a bounce up is in order, with On Balance volume ticking up, MACD ticking up slightly and RSI showing a bit of a reversal of the oversold. I CAN ONLY HOPE!!! In the mean time the 4K units I plucked at $5.17 on margin net me about $200 a month, which makes it fun to wait for a recovery.
Good luck to all longs and shorts be stuffed and get ready to cover.
Regards
SS
Poseted May 6th:
I have been on a course and away from the computer today and this hasbeen good. $6.50 support shattered yesterday and $6.20 support testedtoday. Tomorrow either buyers show up or hello $6, then $5,80 and soon.
Sell this DOG off boys and girls! I thought this wastradeable from 6.50, well the trade opp on this just got way better andthe yield just went up. I will wait to see how things play out. Themarkets are fickle and hopefully things could get studid again overYLO. Stupid = $5.20 in mid February. One can only hope this happens.In the mean time I am watching but keeping my finger off of the buybutton.
Tomorrow will be interesting and you know what? That is what keeps this fun.
Regards, SS