Sorry, Jules. Yes, you are 100% correct.
"is that the accumulation distribution rank is now a "B." Just weeks ago, it was an "E." This means basically that large institutions are selling- on average- more than they are buying.
A "B" is better than an "E," and always better than an "F."
Jules wrote: "Theo, don't you mean that institutions are now "buying-" on average, not selling?"
Yes, sir. That's exactly right!
Just weeks ago, it was an "E." And that indicated that the big boys were selling.
The "F" was my great sense of humor, which indicates what PTEC would get on their report card for maintaining shareholder value. ;)
Jules wrote: "There are ways to find out which institutions are buying now, however, this type of information is usually not available to the average investor. And no, I do not know which institutions are buying now. You could check on Yahoo, though. I think there is data there which shows the top 50 holders of a stock. This list is updated quarterly."
Great!
Next week should be interesting.
Take it easy,
Theo
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