E,
A fluctuation from 2.23 to 2.15 is hardly a retracement, IMO - that can happen in the course of daily trading quite easily..... if it went back down under $2.00, I would call that would be a retracement.
SGR seems to have taken flight to higher levels than I would have expected after having been under $1.50 just a short time ago. While the stock should be worth this and more, even now, the market wasn't pricing it that way.... markets are very hard to understand, let alone predict.... so, I wouldn't be surprised to see some retracement. I also wouldn't be surprised to see it stay in these levels as there are lots of reasons for why it should be here, and higher.
NorthLion
