thanh dao, on BFIT, look at all the volume in the past, supporting the 20.00 share price..There is strong support at 19.50...Even with heavy distribution at these levels, it will take some work to move down...
I will give this one a bit more time to perform, and if it doesn't soon,I will move on, and just break even on it....I would say that some of the movement could have been MM'rs re-positioning themselves, and some distribution...Usually, when a stock is in a mature uptrend, and a lot of volume takes place with no real movement, it is a sign of distribution...Same on a mature downtrend...TAKE GATE.....It went all the way down to 50 cents in a downtrend...Then there was tremendous volume at that level...No real movement...I was screaming to everyone, we have accumulation going on...The stock shortly thereafter took off...Regards, Mark |
