High Tolerance Plasticity Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jim_p who wrote (20852)	5/18/2004 3:55:41 PM
From: chowder	Read Replies (2) of 23153

>>> Nice call on the OSX and PTEN. <<< Thanks. It was pretty clear to me, by the charts, that the sector was under distribution. When you see the amount of selling that occurred two weeks ago, it's an indication that institutions are selling. When institutions sell in that amount of volume, they aren't looking to buy the dips. (see note on chart.) stockcharts.com[h,a]daclyiay[pf][vc60][iut!lh14,3!la12,26,9][J30874401,Y]&listNum=1 It took the previous five trading sessions just to make up ground of one day's trading range from the previous 6th day. Another confirming signal to my comments a couple of weeks ago that the shorts would be stepping in on any rallies. PTEN will be going through a trading range before it gains back the ground it lost from its highs. However, the stock is under distribution still, and we may finish with another above average selling volume day. Anything more than a day trade or a very short time frame is in order at this time. dabum

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next