Ah yes, our Monday night quarterback. I had you worried when I did the post, so much so that your hand were trembling too much to type.
The breakout is still intact, "accumulation" is strong and we hold on with slow consolidation at this level, waiting for more specifics on the news.
Well, there you have it. Volume, then news, and then, just as importantly, confirmation of the breakout today, going a bit higher with decent volume at the close.
I figure we go to maybe $25 before a brief pause to consolidate and to wait for more clarification on specifics.
Finally! I've been trying to buy the stock on the bid for the last week and it has been impossible.Invisible orders with or in front of me, jumping ahead, orders routed around me...
If anyone has been paying attention, the bashing died down awhile ago and the bids have been moving up, with an ax at .13 the last week.
If shorts want to try to pound this down, by all mean go at it. They will not like it when news comes however.
And I think it is right around the corner.
Drill baby, drill!