Somebody touched the "3d rail" ($24.00), and got a swift and firm beat back!!! More evidence of some serious $$$ at risk if the short wall gets pierced. The shoe of the ride from $31 to $19 is now on the other foot. The short pain is now the long pleasure. This game is far from over, long or short!!! imho
I am very impressed with the stock's action over the last 10 or so trading days. There has been moderate accumulation and light selling. This is most encouraging.
In the past, I have seen this pattern [in other stocks] just climb at a moderate pace. Others have gone sideways for two or three weeks and then it was off to the races. Then lastly, I have seen one or two stocks come apart completely, getting broad-sided when things looked relatively positive.
In our current slight-to-moderate growth market, if I were forced to guess, I'd vote for the former and tend to discount the latter.