I agree that a bit of consolidation to avoid a blow-off top would be a good thing. Perhaps a pullback to support at the 17.5-18 cent level would be even better, so that we can take advantage of it and top up a little more...
If that pullback were to happen, then at the first sign of a bounce back up FROM that support level would be a very strong signal indeed that the next leg of the uptrend would be about to get underway.
I'm like you re trading time - I tend to be short-medium, but in general, it is dictated by the trends. It's the old "buy high and sell higher" routine. I like a trend to be defined before I buy in, then I keep on averaging up as long as the trend remains intact, usinig pullbacks to do so. When the trend line gets broken, especially if a couple of my other favourite indicators give a 'sell' signal, then I'm out. I also run a trailing stop using resistance/support levels, as per Weinstein and his disciples.
Seems to work for me :)
Meanwhile, back to STX - I'm holding!
STX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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