sellers are exhausted
It seems that we are about a dollar up from our recent low, and there does not seem to be any enthusiasm for any further selling. The news about interest rates, etc, is old news now. Someone once said that in the stock market news that everyone knows is worthless. So for instance, Bud, who we seem to have lost, was continually suggesting even at sp of $3.90 that we are all doomed because of rising interest rates, was simply repeating widely dispersed and known information. The interest rate issue can be assumed to be built into our share price. We took the hit and have moved forward. All we need now is something to spark some serious buying, because it seems there is no appetite for further serious selling, except perhaps for some remaining diehard shorts, who will need to cover soon in any event. Fourth quarter results should be out in about a month. In the meantime, we are getting good reviews and reports from the institutions based on the extensive conference calls Hamed has made and his wise decision to provide some sampling of what to expect for fourth quarter results. I am also expecting a rotation into smaller cap stocks which are undervalued relative to other categories, compared to historical relative values.