RE:RE:Something must be upI think rumours have been going around, people with liquidity have bought in to a point and now I think the majority of people are not confident in where we go next, they are neutral and that is why we are rangebound in this consolidation period. I think people are hesitant because many rode the wave up to $1+ on buyout rumours and I think some people feel burned.
The days prior to a Buyout announcement (regardless of when it is) will be a "boy who cried wolf" type scenario. The rumours will circulate and some people will pile in while others sit on the sidelines unsure of if this is actually happening, because they've been burned once before. But once enough rumours begin to be validated and enough people start to feel convicted that we are heading towards a buyout everyone will pile in with every dollar that they can and we will have LIFTOFF. That may be tomorrow, or the next day or possibly a later date in the future. I cannot say with 100% certainty but neither can flipping a coin or corky the crystal ball.
One thing I do know is that the people who have the liquidity and are sitting on the sidelines, will not be able to buy in fast enough when this thing really gets going!
For now I do beleive High volume got us here, sale is just around the corner. People hesitating, concerned this may not be it... no/low volume ... well a buyout could very well be just around the corner. Maybe I have had to much kool-aid or maybe I have just gone nuts from refreshing this page every 42 seconds... time will tell!