Recap A very constructive day, technically. The market will do this with any good stock, just long enough to sow doubt amongst shareholders, before reasserting itself. Doubt becomes worry, becomes second guessing, becomes selling. Judging from the few posts today, its working.
Another upleg will come very soon, possibly tomorrow. People might not realize that today the stock opened at a price it has traded for only once before in its history. $11.40 has only been reached once before, the day it made its high.
A move higher from there today wouldn't have been sustainable. A 55 cent gap higher, with no news to account for it, is a gap that would have had to have been filled eventually anyway.
Well, its been filled today. Now it's good to go, from a solid base above $10. No worries at all. Tomorrow's another day.
There will be another good upleg soon. A point higher and the posters will be all excited again. Some of the people here, where I live, who bought the stock because of me are ready to sell some into it.
I wouldn't worry about the macro situation too much. The worst is either behind us, or right now. In the market's eyes, right now is ancient history. That may sound like BS, but it's true.