Of course previous highs are important.Its a commonly used...

Of course previous highs are important.
Its a commonly used technical indicator.
Post September 6th any one wanting to buy with capital gains discount will be eyeing previous highs as a target.
As each day passes the closer to the go ahead we are.
Keep it simple.
Buy 10000 at 50 cents = $5000
Sell after 12 months hold for $2.3 = $23000.
With cap gains discount that is a great return and so simple. 4.6 pre tax times return.
A lot will just want to keep it simple and lock in returns.
Even at an SP $1 its a 2 time return.
Once the SP gets to the previous high its all blue sky.