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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?


To: Bert who wrote (1378)5/15/2003 9:12:03 PM
From: pater tenebrarum1 Recommendation  Read Replies (2) | Respond to of 4904
 
indeedy. i actually got in on a hunch at 0.47, the day before yesterday if you can believe that (but similar to the biotechs i had dabbled in it before, and it has cost me a little on that previous occasion). i saw that volume suddenly leapt, and that almost always means a big move is afoot. anyway, if a stock moves that much in two days for no discernible reason (aside from an interview with the CEO?) i take it. there are rare cases when this is a mistake...case in point, SWG.TO when it began to move in early December after a single drill hole's results were published (i wasn't aboard this one, but had i been, i'd have left a lot on the table for the next guy...this is just by way of example). essentially holding on here is a pure gamble, even though it may have more life left.
in any event, it illustrates nicely the speculative intensity that currently holds sway...i regard that as a warning sign for the market as a whole.