the artist: You were absolutely correct when you said, ".....an indication that something lunar is in the works."
I know for most investors in ALYD, today is a traumatic day. Now that the market is closed, we can analyze the price action in a cold-blooded manner. And you all know that I am a cool dude.
During my consultation with the creatures (I'll explain this term in the future if I have time) of higher knowledge in the MonksterNet, my venerable mentor conveyed gently over my Bose speakers, "Mad One, look no further than CS First Boston, last Friday and today. Hummmmmm.." I asked in awe, "What ?" His Holy Sh*t replied in a fading voice, "Seek and ye shall not only find....." I was then disconnected abruptly.
I paused, I seek and I found.
1.CS First Boston issued a bearish statement in VIAS and DDIM because it had big short positions. Now both companies are suing its as* off.
2.Last Friday, ALYD had an intraday low of $21.75 with 320K shares. No alibi.
3.Today, it had an intraday low of $21.50 with 260K shares. WSJ as alibi.
My incoherent thoughts are:
"CS First Boston did its thing to allow its shorts to get OUT unscalped. Since ALYD has little or no known shorts, the coordinated attacks from WSJ, SoundView Financial and Crowell Weedon had to be construed as an pre-planned event to allow the johnny-come-lately institutions to get IN. Voila, now you know that I am cool dude by talking the in-and-out thing.
But why now? Because listing in NASDAQ is imminent. And big contract announcements are also imminent. You see in financial world, there is no such thing as confidential arrangements. Folks in SEC talked. Folks in WSJ talked (This explained Friday's volatility). Folks in Mutual Funds talked. Market Muggers talked. The only poor souls who keep quiet are small investors because they don't know what's happening and unload at the WRONG time.
Chris Tuttle and Seth Feinstein are known mediocre analysts who aimed to please ONLY the Big Boys. The fact that they ganged up to attack a little known BB company can only mean one thing: They were asked by the institutions to tank ALYD so that they can load up for the ride to Mars.
Lastly, on the technical side, today's volume is much less than Friday's despite ferocious negative attacks. This implies the downside momentum is waning. The Market Muggers deliberately brought the price down below last Friday's low to induce technical selling and failed."
My conclusion:
"Keep all your cookies until the Y2K fat lady sings. Add to the cookie jar in dips. Stay cool."
Have a great one.
Regards,
Mad Monk
PS. My Elliott Wave chart looks better than ever. What a wonderful day that I am still alive and breathing!
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