I'm not a huge technical guy but this QE led market is way ahead of itself. maybe because Tuesday the 29th is approaching I'm thinking correction. Of course every time I think that helicopter Ben and team saves the day in the short run (but what about the long run? Eh, probably won't end well).
Looks like we had a double top and the $8 area is the area to hold and then after that the 50 DMA keeping in mind I'm a technical hack but can look at a chart like anybody else.
11/4/13 or before is time for this company to start to deliver on the promise that has been put into the stock price. I'm quite long but no where near my peak. Depending on what else happens in the market and as I free up cash I will consider adding the lot I bought and sold earlier this week.
I might consider adding them back in the $8 area depending on if I roll some money out of a short or two, then I might consider near the 50 DMA should it get there but as the saying goes be fearful when others are greedy and vice versa.
Volume's actually fairly light today unless it picks up in the last 20 minutes. I may jump the gun and buy a few more shares before the close if I can free up some cash although I think the major risk here before the 11/4 is market risk.