John, re: shorts, trends:
As a one of the victims of the CYMI short attack, I have just started studying technical indicators so as to avoid going down with the ship again, or catching any more falling knives.
Just from looking at some basic indicators for BIOX,
1. Looks like the price has moved below 21D and 50D MA.
2. MACD is now negative.
3. CCI is negative.
4. Stochastic is pointing down.
5. OBV is flat at a rather high level.
I would love to hear your thoughts on these, particularly the OBV. Does OBV tend to move down last? Just from these, it seems to be in a negative trend. If the shorts push, they may have momentum on their side, right?
I don't own this or ANIK now, but just from a price level and technical point of view, ANIK looks to be better positioned to move up in the short/mid term. Have you bought any ANIK yet?
DEPO:
As you know, DEPO made a big announcement recently, and the stock has not twitched. However, OBV is at a very high level, could this be telling us the stock is preparing to rocket up? Please let me know what you think.
Good luck, and please do not take my comments as some attempt by a short to manipulate things. I am a NICE GUY.
THC |
