The stock is holding up well this time - contrary to what you newbies may think.
It has not held up this well after earnings release for a LONG time. Normally we see a huge selloff. We just didn't see that this time. Think we will still bounce in the 1.65-1.85 range for a couple weeks then break well over 2.00 before next earnings. The insider sells people discussed are peanuts. As long as there is QE and no market sell off in the next 2 months - this will continue to hold up well. There's no reason to sell it!
No doubt about it. Something it rarely does. The problem is it is in the middle of the rsi range. Normally it should go back to the top (2.00) but it is also right in the middle of an *expanding* bollinger band, This is bad. It is to risky. When a stock is acting like it never acts, that is risk. I try to improve my odds of not failing.