Under $100 is a certainty by next week. Doesn't matter how many upgrades hit. Sector rotation taking place and the big money won't jump back into this until $95 or so in my opinion.
>> Under $100 is a certainty by next week. <<
If you think *anything* is a certainty in the market...you haven't been around long enough.
>> Sector rotation taking place and the big money won't jump back into this until $95 or so in my opinion. <<
Ah...now it's an *opinion*. OK...but no opinion is a certainty either. BTW...where is this "sector rotation" taking place? Or did you mean crop rotation? ;-)
I agree with you. With or without the Egyptian news, AGU is due for a 3 month resistance correction of about 10-12 points. It has had 3 of those in the last 12 months. Over the long run it is a great stock and the Egypt thing will pass and we will continue up.
I also agree. There will be a drop. The past 3 drops look exactly like what's about to happen. MACD goes flat for 3 days, RSI starts to drop. Then over the next 2 weeks we should see a 10-20% drop. I'm thinking the bottom will be around $87 ($85-$90) is my actual range. But who knows with these crazy stocks.