Okay, so usually the first month is indicative of how the year will be, so let’s just hope that the first day is not indicative of the first month. If so, we are in for a rough year. I already stated in my 2010 predictions that it is going to be a tough year for the market. I still think we are in for a major pull-back, but for now the market has been trading in a range.
With that in mind, I’m keeping new pick Sirona Dental Systems, Inc. [[siro]] in check with 2 stops, one at 30, and one at 29.xx. Just to help organize things and make following picks easier, I’ve decided to number each stock I highlight. I don’t want to bombard you with too many stocks, but I hope to build a knowledge base for each stock. This way, later on in the year, when I map the stocks, you can follow them easier. So here you go, stock #1 of 2010, “SIRO.”
Go Lakers!
If you enjoy the content at iBankCoin, please follow us on Twitter
Am I right in assuming that that huge volume spike accompanied by very little drop in price suggests that a great deal of shares went from weak hands to stronger hands and that therefore an increase of price from that point is likely? Did we see capitulation?