I looked at 1 day, 2 day, 3 day, 4 day and 5 day charts. The longer term charts show the price flattening out (Basing) at 15. There was probably some boxing going on -- Market Makers trading to each other to make volume look high to scare a few more weak holders. The chart was very flat after 1:28pm even tho there were still some fairly large blocks after that. I believe there were more buys that sells -- of the non-Market Makers. Here are blocks I see on the chart for today: 10:03am 15000 shares, 10:39am 18000 shares, 11:21am 13600 shares, 11:33am 24000 shares, 12:57pm 20000 shares, 1:19pm 19300 shares, 1:28pm 14000 shares, 2:07pm 12000, 2:54pm 14600 shares, 3:09pm 15000 shares, and 3:21pm 14500 shares. The 24000 shares at 11:33am looked like a sell, but based on what followed, it could have been manipulation (try to scare some into selling). I am guessing -- but I may be right. MMs are masters at deception -- they don't want us to know what they are up to. Isn't it really hard to believe that *anyone* would be selling blocks of 10000 or more shares here? It is for me. Smart folks should be buying, not selling, imho.
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Note that the Vickers Insider Data *STILL* does not show the insider sells that were reported here. It DOES report the one 25000 share insider purchase at 17.75. By capitalizing STILL, I am questioning the validity of some of the data I have seen. If this was a false report, we will know by the end of the month. If so, we will know that the manipulators are right here amongst us. If one of these can offer objective evidence that these sells took place, I would be interested in seeing it.
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Amati is bullish technically. And the Telecommunication sector was about the only sector having a good showing. Note WSTL was up 1 today -- Amati has been following it. Don't know why, but it has been following it at times. TA folks look at stochastics as a forerunner to other technical indicators -- it is positive. I also mentioned a couple of other indicators that have turned positive in another note.
John |
