When the Institutions Finish Buying to prop-up shares...WATCH OUT!
Mom and Pop and Buffy and Muffy investors buying 10 shares at a time will not sustain the upward momentum for long. I want to buy too, but will be happier to buy in the teens. Sure, its bound to go up over the years, but why buy for more than necessary? Still likely to hit somewhere around 15-17.
It's not likely, it's definite it will retrace the 52 week low. Institutions buying in for the moment, once that's over watch how those 800 mill shares get unloaded. Major tax issues before the end of the year and Christmas coming, those employees will cash in. This run will come to a halt real soon.