Kim,
You know I respect your intuitive advice, ... as you have opened my eyes to a few things, including the swing trading potential of Nasdaq stocks, ...a business I'am now moving into via a US account,...
Off topic, first snow fall up here & no BD report, ...
My focus has not been to trade this stock, ... with Canadian commissions approx 4 times Ceres rates can't do it, ...
I am listening to the market,... put up a daily chart since August. It is very easy to see where the 'public' placed the stops (below 5 & 5 7/16).
<< You need to be a little more objective about what you see... the sky won't fall if a fund sells some of their shares. Maintaining it can't/won't/ hasn't happened is crazy. >>
This debate all started on Desert Dirt TA with the comment by Bijan that it was obvious that a fund sold. This I disagreed with as I felt it to be more probable an explaination that the MM's 'caught' the stops. I have never maintained that a fund can't or won't sell, ... if the funds sold, ... don't worry the price/volume will tell us (& it has not yet). Most likely , imo, that they have been the support/buyers on this price dip and the 'public' the net sellers.
<< You've completely lost your objectivity with this stock, for 3 months now you've been maintaining that it's fixing to break through 8 something, and it's gone lower every month. >>
Up until Monday, it was still in an Uptrend since August low & fixing to break through 8 something. Now I belive that the float is tighter and it will blast through this level with the BD/Bateman report.
<< The 'whys' really don't matter, but how you handle them is. Just some friendly advice. >>
The TA 'whys' determine the strategy. One must look to buy the 'panic spike bottom' of the extreme of the swing.
Have a good weekend.
Best,
Bob |
