ZONA
BhappyDog,
"to me looks like 2 failed sigs, 8/31 and 9/10... 3 has got to be the charmer!!! i'm scared Ivan...
Hey man, I wouldn't have gotten you in (even by proxy) to a cat with a bad signal history. 8/31 and 9/10 were not signals because volume didn't get close:
bigcharts.com
This cat has actually zero signal history. What I had thought was a quick 16%er (7/27) was in fact incapable of being a signal, as the stock had taken a small regap on 7/13, putting it back on 15-day incubation.
chart.yahoo.com
9/15 is "the charmer": a) It has the volume, in spades (biggest in 23 days--that's HUGE) and b) It is the first true signal. Though I have no data to support it, my overwhelming sense-memory is that the first sign of relief is the one: It gets the shorters panicking and the momentum boys in for the perfect bounce, and then the day-traders with all that filthy lucre that makes for a Volume +1 Exit Signal Day. (And I don't care that this is a sub-$5 stock and therefore not legitimately marginable. I know for a fact that those day-trading outfits look at the SEC like they're Mayberry RFD.
May lightning strike me, or someone who looks like me, dead, but: This one looks remarkably like cash in the bank. One little shiver of good news and the 40% of the float that's currently underwater (i.e., short) will start throwing their own women and children overboard to get a seat on the lifeboat. That's when me, you, and that guy in the currently flooded state of Delaware get on the prow and say,
I'M THE KING OF THE WORLD!!!
Ivan |
