RE:RE:RE:are we going to make $3.00 todayMoemoney42 wrote: I expect we see a bit of consolidation in this area.. its been a quick run we need some volume trading around this level to establish a base.. too many times I've seen rallies like we've had recently get targeted by short sellers.. don't need that type of attention IMO
Have to disagree with you there.
Not so much disagree but suggest your conclusion is premature.
The stock followed through to a new high again this morning and its now consolidating very respectably at midday.
It's not even noon.
You'll be thinking differently if the stock closes nicely above $3.00.
You're going out on a limb looking for a consolidatioin when the stock has shown no sign of weakness at all.
Certainly if the stock closes much lower today it will be a downside reversal and we can expect some profit taking, but the day is still young.
Like many sellers here, your suggestion to expect some weakness is just a guess.
Your odds are better expecting more of the same.
I'll agree with you if the stock closes lower today, but not until then.
Runaway trains don't stop on a dime.