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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?


To: nohalo who wrote (1150)7/6/2005 1:12:29 PM
From: Walkingshadow  Respond to of 4814
 
Hi GottaRun,

BOOM has been a feeding ground for the mo-mo crowd for several months now. BOOM is up 4-fold since March or so.

BOOM spent the month of June consolidating on chart support, but yesterday began to move again. Now BOOM is showing clear technical buy signals, and looks ready to challenge final resistance, especially if the mo-mo crowd decides to forage there for awhile; volume so far not very impressive, but is stronger today than yesterday:

139.142.147.221

BOOM is also heavily shorted---almost 25% of the float is held short. But that won't affect things much, because that only amounts to about a half-day's trading volume:

finance.yahoo.com

All systems go, IMHO.

T