Looks like the Poxom TA analysis stirred some buying this morning. Volume is suspicious though, so far, and bids are not backfilling in any significant way.
A good indicator for me of the strength of a DMX rally is if it's a traders rally or an accumulators rally. There are several houses who have been conspicuous traders of DMX over the past few months (Jones Gable, Georgia Pacific, Canaccord, Brenark, Brink Hudson, etc). These houses create and play momentum, and you can be darn sure that if you see 5000 shares of buying early in the day, you will see 5000 shares of selling from them later in the day. When I see the majority of buying from these houses, I am always suspicious, for the reason that their buying pressure always returns as selling pressure. I would be much more comfortable if large buy orders started to come from the accumulating houses like CIBC, Nesbitt, Merrill, etc.
A few thoughts,
joe
PS. Is it just me, or has the font size/style on SI changed? |
