Re: news outI am not doubting the claims, or coffintraders pics at all.
All I am pointing out is that this one had a very good run as of late, and looks to be due for a bit of a pull back before it goes further. I could be wrong though. Anything is posisble.
What do you think those who were lucky enough to get in at single digit prices are doing right about now? Actually it is very clear, if you really look at the technical chart. That speaks for itself. At some point it will be a good sock to pick up, but I am passing here.
As for me, I don't like the look of the MACD and MACD Histogram, and the stochastics. Couple that with the over bought RSI, the tall wick candle, followed by the spinning top and marabozu is enough red flags for me to stand pat at present. I will wait for it to retrace, and let those how want to take profit to get out, before I get in. If I miss, sobeit. I just hate buying at the top.
Good luck to all in this one.
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The price of a PP has nothing to do with how high a stock can go. GDX has some good claims, otherwise these big companies wouldn't buy the PP. I follow Coffintraders picks and they always go up big. Some of his picks have had the same PP pricing and have gone huge right away.