'....many longs will be only too happy just to get their money back and could put a break on the stock rise....'
While that maybe - why though would you want to sell now?? If there is to be a breakout wouldn't it be more logical/profitable to wait for that? Or do they think stock will tank again? With the upcoming Q that is unlikely. Nevertheless good luck to them.
My concern with more insto buying is that whilst it will put a demand on the stock - it also allows more manipulation - particularly when one decides to sell out. But hey, we all have our target prices so if stock suddenly goes boom, well, it may just provide for an excellent exit point.
RVR Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
