I know why you said that.
<But> I still say that it was just as much of a play on the momentum crowd that fizzled out. I think alot of orders were placed after the close Thursday because KRY made the top of the percent gainer's list for the mom traders out there. There was also the long holiday, the long awaited Easter promise, permit spec., good action until the close on Thursday, the recent news about progress in Ven., spec on the earnings etc. There are just too many things that are going on at the same time. This stock is mostly traded on the gut and sentiment(since there has been a lack of news either way), not tech, not POG etc. I think the best stuff as far as news is coming from Infojoe who posts semi- related news that gives you a feel- and that my friends is the gut and sentiment thing.
If someone recognized all these things and decided to run it up to see what they could get, we all should have been able to recognize this early- and taken advantage of it. Next time you guys see this about to happen let me know!
Does anybody think this is wag the dog and someone wants us all to now place limit sell orders @ plus 10% or 15 % so they can scoop us on the way to a higher pps?
You can almost draw a straight upward line between Thursday and todays trading (almost). I am thinking positive, I would be happy with these gains continuing at this pace. I think we can forget about yesterday except for if we learn something from it that we can use in the future. I assume this action yesterday wrecked the Technical charts people with the 50 over the 200 but so does painting tape at the end of the day?
Let's see what the week has in store for us.
Good luck everyone. Hondo.