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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Fiscally Conservative who wrote (88060)7/25/2007 11:14:05 AM
From: chowder  Read Replies (1) | Respond to of 206338
 
It's tough to tell where price support will hold on BZP due to its low volume.

On the last price swing up, buying showed up in the $4.00 to $4.50 price range.

I would watch price between $4.50 and $4.75. Look to see if the selling volume diminishes there. Five of the last six weeks have seen selling volume and all of those weeks were above average volume weeks.

Buyers of low volume stocks are more cautious when entering as price is falling. They usually want to see selling volume dry up and then buying volume usually increases gradually.

This is just a guideline. Since price is king, a lot will depend on price action between $4.75 and $4.50.