u guys crack me up with the level of resistance. all the way down we heard the 200 ma is blah blah blah. or the 50day is ____ or it wont go below 110, next day it wont go below 102.12 or the next it wont go below 87, and it broke thru all of them. Then the short kicked in the next level is 58. then it goes up. If stocks follow technicals all u have to do is buy the stocks on the bottom and sell them on the top and make millions but it dont always follow. What u have to gauge things on now is the ha, that the histerical analysis. its theory goes like this, shit look at drys at 100 i gotta get some cause it is going up it at 102 now geez i gotta get more. look its at 110, ... no 112. Tommorrow we got a bull with his nuts pulled so tight by the bullrider and those clowns shorts will be in their barrel cause the bull will be out of control.
I think your right .Sure glad I am long.This stock has a large short postion.Which is great for us longs 100 easy .Thank God for shorts most people hate them they dont understand a large short postion can be a great benfit for longs.
actually...100 tomorrow is not a stretch..futures will be high tomorrow morning in anticipation of further rate cuts and shorts will be trampling each other to cover...great recipe for a short squeeze...i think the DOW has another 200 point day tomorrow as cash will come off the sidelines in a big way....ENJOY!!!!!