hipncash,
What a great day.....We didn't get the white hammer I was hoping for but a hammer non the less. With the bulls kicking butt at the close and buyers stepping in, uncertainty should be somewhat diminished for our new investors. hammer = bullish reversal = up
Looks like the sp touched just above your call of $.53 (well done). Although overbought, I think the sp is still in a position of strength settling in just under the bollie. I don't expect to see the sp trend sideways. It's really north of south from here I believe. We could have traded sideways in the .$40's just as easily at we could at this level. We shall see.
Speculation of settlements is certainly the driving force for the current sp and the crowd is responding very nicely. I really expect substantial increases in volume beginning next week compared to what we experienced this week. Again, pure gut speculation.
Interested investors may be doing exactly what I'm doing. Divesting to invest. I'm currently selling a rental, taking a moderate loss(it's not making money for me) and will invest in PTSC. Hopefully will close on it in time and will have proceeds before any news. Now I know some folks will say "Dumb move PxP" but hey, it's 'dead' money anyway and who's to say that in the end I can refer to it as 'smart money'.
Can't wait til Monday!!!
Regards,
PxP