I'd like to share a story with you.
About six weeks ago, I was attracted by the price action of a stock name Cytyc. (Please don't ask me for its fundamental stuff.) It went from $16-$18 to $25 in 13 days with razor thin volume. Then suddenly, it dropped to $21 in 4 days, again on thin volume. After that, it rose to $28 in 7 days in light volume. Then came the trading halt and when FDA announced the approval for it new test, it jumped to $35. And volume soared to 478,100.
What does this story has anything to do with NMPS? Plenty. The common link is the legalized fleecing of the public by the specialists or market makers. These scoundrels are experts in sneaking down the share prices in light volume so that they can accumulate them at whole sale, and by using certain events as alibi, raise the price and unload them onto the euphoria public at retail. You see. This is how they make their millions. This is why you have to be the son of a specialist in order to become a specialist. This is why they have been so violently opposed to computerized order matching.
In analyzing the price/volume chart (6/3) of NMPS, these scoundrels began their stealth move at around 11:45 am (EST) when they sneaked the price down from $15 to $13.50 in light volume. Then at 2:30 pm, volume exploded and they moved in to accumulate from the panic public.
This episode tells me 3 things:
1. The specialists did it again. (The SEC watchdogs have been well greased by the lobbyist, and have ignored these unethical activities for years).
2. The mass psycology of NMPS has turn cautioned or negative.
3. FDA announcement is imminent. ( So that the specialist can have a legal excuse to raise price and unload to the public)
Being a devoted follower of my techncal tea leaves, I have no choice but to buy NMPS. TODAY. AT THE OPEN.
Regards. |
