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Wednesday, August 16, 2006
Like White On Rice
How high can they take'em? Umm. It depends on how much traders think they're positioned wrong. Stubborn folks will try to defend their positions here, but given the inability for the tape to break down combined with the overall impatience of the herd, the bulls are in complete control.
Given what is moving higher today, it is obvious that traders have set their focus on the beaten-down situations like PARL, TOMO, ZOLT, PBY, RACK, and CHRS just to name a few of today's movers. As we know, the quickest way to make up for underperformance is to shoot at the situations that have the most bounce potential and traders are on these names like white on rice.
Posted by Kirk at 12:28 PM in Analysis | Bookmark | Feeds | Link |
