This is not the first time I'm buying SIR
. Just take a look at these charts:
Absolutely beautiful, don't you think?
Anyway, those big down gaps occurred because of a delay in presenting the 10-Q for 2004 and the results for the 1st quarter 2005. The CFO has resigned so everybody is expecting very bad news out of the company when it restates earnings. I don't know what's going on behind the scenes but I see one marvelous chart developing. Perhaps the results are coming out and just the fact that there will be some clarification should produce a rally in the stock.
Expectations are very bad, but the stock has just started an uptrend. As usually, I'll go with the chart, which is starting to climb a wall of worry.
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