CONTINUATION OF THE RUNI've taken a further look at things, and really see absolutely nothing that doesn't support a full continuation of the run. There is some resistance at $36.00, and then again at $42.00, but I anticipate these to only be possible "pause points" along the way of a more substantial run up the $54.00 level.
Even as I write this, I find the numbers I'm putting out a little shocking. But there is the opportunity in this rare find. And it's more than just support and resistance points. Within the gains we're seeing so far, the intraday trading patterns have been picture-perfect, rock-steady moves that continue to show broad accumulation.
I expect this accumulation to continue for quite some time. The very tight float and the new broad participation of Institutional buying who were equally suprised by the quarter, timed with the reverse split that only just introduced the opportunity for their participation pretty much gaurantees demand outstripping supply which supports the notion of strong further gains.
At a certain point, I'll change my perspective, as I tend to play in the smaller timeframes. That I am more than content to just sit back right now and enjoy (a very rare thing in my world), shows how thrilled I am at the potential here. Imho, we have now entered the 3rd inning of this run. 6 innings to go? The potential for further gains continues to be extremely compelling.
Enjoy.