RE:RE:RE:Head fake?GG asked who are "they"?
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Why the stock gods of course!
Actually what I am saying, is that more often than not, whenever a stock approaches some key number, it often get's pushed under or over that number. So, fore example, as soon as IAE headed close to 70 cent range, it got pushed over. The "they" in that scenario encompass several types. Some are buying because they believe what I am saying, in that it will probably cross the threshold. Then there are those who are buying because they have fear they are missing the boat. And I am sure there are sveral other reasons people buy or sell at these thresholds. Anyways, its something I've noticed often happens.
With that said, it'll probably test 80 cents soon, assuming oil does not pull back. Not too late to potentially ride this up another 62% up to $1.20. If oil shows some strength, I belive that's where we are headed.
jmo