Responses
No problem Ken, I was agreeing with you.
Tobaccoman
If you know of stocks that went up or held on lower volume, post them please. However, if we are talking abut stocks less than $5 or less than 100k average shares, then its a small cap issue, and those tend to move less in dumping markets in general
I haven't found a coorelation between this dump and October's yet, but that doesn't mean there isnt one. Sue Slaine asked me that the other day and I am still working on it.
As for short squeezes, I did successfully pattern the net a couple of weeks ago with all the data I had on KTEL to make a few bucks, and posted that to the Gems thread in advance. However, that was stock specific, and relied less on short interest and more on chart compression and reversal signal. In general I have found that reversal signals with respect to basic trendlines are much more reliable than monitoring short interest. However, there are others who rely on that data, so I will ask them to post on it.
I am still looking at the trade and volume data, and for the stocks that I posted yesterday I see fewer huge block sells than in October and more panic selling in trades under 10k shares. I didn't
see the late afternoon accumulation I was hoping to today, though...
As for the IPO'S, I tend to wait a couple of months for the newness to wear off, and look for reversals. I'm not a good source for opinion on that one, although if I was backing the ticker, I sure would do everything I could to hype, er, 'influence' it.
lastshadow |
