jph1 You said "looks overbought to me" ..Why is it overbought?...

jph1

You said "looks overbought to me" ..

Why is it overbought? Just a gut feeling or is it based on some research?

Remember, what a stock is worth is based on the current set of circumstances. And not based on how much it has increased of the past few weeks or months etc.

It appears that you only held on to shares from SPP because you had no choice (i.e., the shares weren't issued until today). Because of that, you landed youself around 35% profit. And now, you say... 35% increase over the past couple of weeks looks overbought.

Consider this.

If the SPP shares were issued early last week (or the day after deadline) ... it would have been around $30 ... thats would have been a nice 15% too for only a couple of days...

and ask yourself.. would you have sold at that time ...

I guess the answer would be YES ..

why? you would have probably thought the same....
"looks overbought to me"