and alot of sudden talk of charts, resistance, moving averages, and such.
Funny what a quick move will do. Just glad that most of us bought the dip before the move. I took a handful of shares OFF the table on this move, and would add back on a pullback based on valuation, and not a chart. Pictures are nice, but facts will ultimately tell the story, particularly in a stock such as this one, with thin float, solid fundamentals, and low volume. If I wanted to look at pictures, I'd buy art...
Jbacci - OT:KLIC may also be starting to run - we discussed it before. I didn't realize that you traded it as well. I was hoping for more of a dip but it could be heading up again. Sill long a bunch of IIVI investment shares but have sold all my IIVI trading shares.
Perhaps there will be news soon. RSTI doesn't seem to be keeping pace with IIVI or some other laser stocks that I follow. A very well run fiscally conservative company in IIVI. Perhaps there is news about more IIVI products being used in or expanded use for detection by homeland security that we just don't know yet.
Small float. Only really takes one excited buyer (or seller) to move this stock.
New posters are surfacing on the KLIC board as well and it usually takes new faces to make a stock move.
that attitude will cost you big money over the long haul. When hedge funds trade billions of dollars of stocks based on charts we need to keep up on them and at least know what the indicate to the hedge funds. Wonderful article in todays WSJ about SAC, one of the top big hedge funds.
Thanks guys.....I've learned alot from posters in here as well. As for the "you're going to lose alot of money in the long run" post.....you're nuts. You could better argue the opposite, perhaps I won't be making as much money in the short run. In the long run, fundamentals will always rule the day. Hedge funds will move shares in the short run, (but not so much with microcaps such as our stock here), but in the long run they are powerless to overcome good solid fundamentals. You could argue that these swings may create the most solid long-term buying opportunities for we investors who pretty much ignore the picture people.
I understand that people make money looking at charts, and that it could be a good short-term speculative strategy, but it will never replace good solid fundamental analysis. You can say "this time is different" until you're blue in the face, but I'm never going to believe it. I'll stick with my microcaps and fundamentals and take my chances....its been working just fine....btw, good luck on that "inevitable" short term run over $30....for my sake, I hope you're right!