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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: MJ who wrote (54870)	4/22/2006 5:20:27 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 59879

Hmmm... My level II doesn't handle after market on AMEX, only Nasdaq. But I had heard there was some volume post hours. What I can say is that the stock is truly undervalued relative to competitors (my favorite kind of stock..;0). The same can be said of AVNX. And the bounce off of $1/share was a much needed "backing and filling" movement that sets the shares up for further upside. But here is the latest chart picture for IIP. bigcharts.marketwatch.com bigcharts.marketwatch.com You can see from the daily that we've seldom seen the stock go for more than 3-4 days of distribution, before we have a period of further accumulation. And if you plug in the weekly indicators, we'll see that last week was one of limited distribution. However, it does not compare to the several weeks of accumulation we saw in previous weeks. Now, technically speaking, some would voice that the stock needs to retrace to .80/share to complete the consolidation. However, $1/share is normally a strong psychological support level, and fundamentally speaking the stock, being undervalued relative to other competitors, I suggest that we maybe seeing higher prices prior to the major period of rest and distribution. After all, who accumulates that much stock merely to make 20-40% on a trade? They want to make 100%, or more... Anyway... that's what I'm betting on.. But I may be proven incorrect. Hawk