January effect? Or more? Well, we're already seeing that there is pressure on the upside for 2012. A happy change from late 2011 certainly. This likely supports the proposition advanced by some here that almost all of the selling in December was clearly due to selling off for tax purposes before year end.
Therefore, what we are seeing is likely a nice little January Effect... and/or finally a move back towards where the price should be (i.e. the price without the articificial downward pressure by a few insiders).
I am hoping we are back on for the regular LEC push towards the mid-0.20s, as per every year or so. Time to ride!
In any event, happy new year all and best of luck.
W.