Hi Scoobey,
Well now, did the download. Interesting to say the least. I am convinced after looking at the intra day trading and the finial results for the day, that that 1.2mil block that traded was a cross. I also see that tomorrows ask is @ 12. It would be interesting to find out who sold the 1.2mil and who bought. If you can find out that info then you could get a pretty good idea as to just what is going to happen to the stock. I'm betting that something has happend to the positive side and there is going to be some good news coming out in the next several days. Very good news and that 1.2mil is a form of payment or exchange.
Also after looking at the trading today, I would suspect that there has been some early tax loss selling. The big blocks that where sold, like the 65gs and the picking at them was just that. I believe some folks out there suspect that nothing is going to happen for at least the next 30 days and they want to get out and back in before it take off. It wouldn't be the first time that someone timed their trading wrong. I've seen this sort of thing happen before. If you want to do early sell off for taxes, then you do it in Aug. or Sept.. Looks to me that there are some folks that might have waited to long. If that is the case, they just might be back tomorrow if they are reading this the same way I'm reading it.
The directionals are ballistic right now. Major buying is going on, (accumulation). As the program shows, there is no slow down in buying. The MACD is still on the down side and Momentum is in a slump. But if you look at the PRICE, of course you will see that it is up. We all know that. It is up 01 for the day. Now that isn't a lot of money to you and me but if you are sitting on 100 or 200 thousand shares, thats a 10% move for them and that is a big move. Good money to be made. Do this every week and you don't have to work a regular job.;-)))))) Get my drift???;-))))) So you only do this with stock that is either a hyper or one that has the potential to be a winner. This is by no means a hyper. This is a potential mover. It has all the basic ingredients to be a winner.
Sometimes you have to wait before you can come to some firm conclusions about the way and what is happening with a stock. This is where a program becomes invaluable. This is where the program makes you money verses what folks tell you or what you see. The program looks at the internals, something that you can't possible see from the outside. Combine that with the fundamentals and whee la, you have a winner.
So as far as my analysis, I can't give you one. I'm not an analysis, I'm just expressing my HO. The way I read the charts and my observations. Remember, I'm just a lay person, trying to understand what is going on to determine what to do.;-)))))(---).
Now what I will say is that SKI has made some good points. When you have a cross of this magnitude, the company should know who. That is a lot of shares to be moved. That is 5% of the FLOAT. So what I'm saying is that there must be a whisper out there on the street. Something appears to be up and by the looks of it, it is positive.
Well, I've use up a lot of space here. So I will go. Oh, by the way. Scoobey, it is not your interpretation of the ADX/ADR that is important here, it is the way you read them. Don't take theory and apply it to this stock. Take history. You will do a lot better. Read the historicals, combine it with the fundamentals and you just might come up with a better scenario.;-)))))
Catcha on the upside,
Ron
ps.
also remember that almost 20% of the float traded today. |
