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  • tolickorclick tolickorclick May 18, 2013 11:52 AM Flag

    Why So Quiet Wall Street?

    I know there's obviously nothing to talk about here...but you'd think maybe just a side note or something about the recent move - the recent record setting performance - THE HUGE CUP AND HANDLE PATTERN that we're currently in the breakout phase of. Current traders won't be looking that far back, but major long term stockholders certainly will be, and given the fact that prying shares out of our hands has been a task for at least a year if not longer, I'd say the pattern is legitimate for very fundamental reasons.

    Personally I discount all patterns because they're always a second/minute/day/month/year/decade late in showing up...the trades draw the pattern, not the other way around, and we all know how darn fickle those traders can be... g

    But, if you go in for that sort of thing - I can't believe somebody hasn't mentioned it in a story somewhere... I didn't catch it until the handle was being formed and I was getting margin calls - like I said, I expected $40 by 4/30/12...didn't get it...nope - GOT IT instead...finding cash was a bit difficult (thanks mom), but I managed to hold onto the shares, and low and behold what happens after a year of figment squirming like a worm on a hook - BREAKOUT (although I won't really be impressed until we close above $40 for a week...), but I'll still be holding - because I don't care anymore what figment does or doesn't do - what the general market does or doesn't do - STMP is doing what it does and it does it very very well.

    STMP appears to be transitioning from a GENERAL FREEZE (where Longs refuse to sell), to a FULL BLOWN SQUEEZE where we not only refuse to sell, but realize we probably should be buying more.

    Wall Street can either catch up or continue to look like a corrupt bunch of nincompoops by staying silent.


    Buy AND HOLD - We've got the high ground - now dig in - this is just starting to heat up. Hard to push uphill isn't it shorty - and no cover...

    Sentiment: Strong Buy

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