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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (518)1/21/2003 11:13:05 AM
From: Jibacoa  Read Replies (1) of 1404
 
CAMZ Up 254% today on volume of 3.147M after announcing that SunGard will pay $9 for CAMZ shares (the stock closed at $2.50 on Friday.<g>)

The stock had been selling at 0.33 of book and 0.5 of sales and there had been some insider's buying.<g>

I have a very small position on CAMZ and was waiting for it to close above its Dec.10-Dec.11 double top at the 3.55 level.

Now with 20/20 hindside vision one can see that the stock's RSI has been steadily rising since Jan.6 and that there has been a persistent and significant positive money flow since Jan.10 (in spite of no significant increase in trading volume or price )I guess it may be one more lesson to learn and try to watch for for possible similar cases in the future.<g>

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Bernard
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