I have to admit I really am not liking today's action. I am always a believer that the massas tell the story and today is telling me I should take some off the table beofre the close. Why is this not riding up a little going into earnings. There is so much good news and the shorts should be covering a little to avoid exposure tonight. What do others know that I may not? I will make a decision at 3PM to ride it all or take some off to hedge the risk. Good Luck to all
It's moving w/ the Nasdaq and should be right at this range till after earnings ... Recall that most of the float was turned over and your points of resistance are 8.85 and 10.40 - until you see 10.4 range, I would not consider taking any off the table.
Disclaimer: I am LONG and believe that $13 is the first point to consider selling - $20+ is my target.
patience my friend...MM driving it lower to buy your shares...its up and down on low volume good sign people are unwilling to sell at these prices...i saw RIMM go up 4% prior to earnings...and look what happened to them. just be ready for our move to 10 soon and do not worry about "trading"...remember this is an investment