Post by
gibbonsj on Apr 29, 2015 1:08pm
quite often an unexplained run up to a new high
will be followed by a retracement of as much as 30% after which sp recovers 10% or so and if it is a good company sp will edge up from there. Let's see if this applies. We're off the high by 24% as of today but thin volume is misleading, 100 shares moves sp a lot. The thing to do is look at the 6 month chart. If the trend is up then all is good. I may have posted that view before. That of course does not mean booking some profit is a bad thing to do.
Comment by
gibbonsj on Apr 29, 2015 1:50pm
LOL, I'm not talking charts I'm talking decades of experience. Still I think you're such a sly little cutie pie. The first rule of using multiple aliases is you simply have to keep them straight.