Just opinion as always...but my read of the trading has me speculating that we are due for a spike, and soon. By soon I mean before the end of the month. Obviously, beyond recent trading activity, my optimism is bouyed by the upcoming Epicongress in Boston next week.
If we do start moving it will be interesting to see what happens if (or when) we get up around the $3 level. Obviously those who bought back in April in the high $2's up to $3...they've been underwater since buying in, and sometimes that will lead some to bail at the first chance to get out even.
If....on the other hand, if we do spike and get through a potential $3 barrier, it'll be fun to see where the next resistance comes in. Will longer term holders who didn't take profits at $3 or close.....Will they bail at the first sign of consolidation or a pull back?
Fun times coming I believe....but enough speculation on that now, time to sit back and see if it comes to fruition. I'll have some do, re, mi in one of my trading accounts by then....today (Thursday) I made a couple very small buys using the monthly dividends I collect, but I'll be looking to add multiples of that when funds are transferred into my RSP account.