And I'm way ahead of myself. Not to mention that these tiny microcaps are less likely to follow TA or chart patterns.....but it is possible we just completed a 6 month "cup". Now it would be interesting to see if we get a 5 or 6 week consolidation "handle" and then a breakout to new highs by year end. Or maybe we just go higher. I'll be holding my shares either way but will be fun to watch this play out.
Well, now that we've had the time to let the technicals play out and the handle should be close to ending, are we now going to see a break out? Those of you who are technicians have a chance to make that call to see how good your predictions are.
I am not a technician, but believe that they will again blow out the numbers on the call in Jan. and that we move up to $22, which will be about a 25% gain from where we are today.
Hmmm, looks like a little handle forming??? Been doing this investing thing for many years. This is looking like an extremely good setup to new highs. Market down 450 points in 2 days and little Silc just sitting there....being slowly accumulated, masked by extreme market weakness. What do you think happens when there is a realization that the world is not ending??
Did anyone see today the full page add in the IBD inviting people to a free seminar in Cincinatti where William Oneil will speak? In the add William Oneil called for the next supercycle bull market to start in the next 12 months. He also said that the companies that break out at the beginning of the next bull market will be the ones that give you a 100%, 200%, 500% or even 1,000% returns in the upturn. Just wishing but could Silc be one of these stocks? Seems like the timing could be there.