At this stage, many fund managers are working their way into the market after squaring their books in November, so basically we have a lot of 'betting money' making bets on what is believed to be the best stocks of 2011.
Regardless of what the media says or what is posted in reports or posted online - the dollars we bet are our true indicators or 'votes' into which stocks we believe have the goods and have our confidence in 2011.
At this stage, TA concepts of overbought and oversold do not have bearing, and are subsequently ignored. We are looking forward to a very bullish year with great potential in many stocks, this stock very much included, and this comes as an opportunity for money to be placed at the bottom floor for the brightest of 2011.
Foxtrot
SDL Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held
