In my opinion only, we hit another new 52 week high. We opened up with a gap and the volume is 5 times higher than normal. Those are all indicators that the stock is heating up. You have a little pullback. That is because people bought this stock at a very low price. When the stock doubles people take their profit. The day traders buy and sell early. They take their profit for the whole day. What I like about this stock so far is that the volume is 5 times higher than normal and the stock is breaking newer 52 week highs. The only thing you could do is buy more on the dips. This stock is way undervalued. If I plan on selling any of my shares it will be in the 6 to 8 dollar range. It will not be in the 2 and 4 range. Everybody has their own target this is mine.
Im with you there. This is the turn for the industry I feel. We could make some real money here in the long run. It not uncommon for the momentum traders to be out in a couple days. I momentum trade from time to time also. This has a long way to go before the trend dies.