Tax Selling?
posted on
Dec 27, 2007 04:54AM
Will be interesting to see the next couple of days..
With Texas behind us and teh Q not reportable until mid-january and a history of limited upward movement from signings there is little to be expected to come out
to serve as the impulse for a vertical movement.
What I do see is tax sellng pressure as many will look to lock in short term losses to offset other NASDAQ gains made this year.
Should teh price holdup in the 65-68 cent range ( above the prior wall of .645 ) Iwould consider that thius is a sign of strong
accumulation and bode well for strong price appreciation in the 1st Q of next year beginning in mid-january and climaxing in the late Marvch early april timeframe.