When it comes to the Summer Doldrums, I like stocks that are still low relative to the gorilla fundamentals that can be market motivators. In Don's case this is a major factor that causes me to continue to hold... stocks with these fundamentals that are low volume, and sleeping, offer lower risk than chasing hotter prospects that have potential to sell off in the doldrums. I like stocks that run and sell off in the doldrums, so long as I have had the good luck, and skill to buy way before..
While it is hard to predict when how much of the crowd will move in.... or even if they will... I see plenty of level II evidence there is a growing pack of traders gaining more confidence and the price is back filling quite predictably, and over time the price has moved up on those rising lows of the back fill... I have a Globe investor chart that I have used for ages that uses a 3 line crossover and the 20 day average has been traded over for about 4 months and sits at .165 which would be the optimal buy in... A bit to late for that, so if I extrapolate the line, it sits at about .185 as of today and the new high of .22 cents.
At the same time risk is extremely low considering the level II qualities paired with the TA. If you look at a chart you can see Don's history has met with resistance at .60 cents, however this time I think we have a good chance to break it.... JMOP
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