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To: SteveF who wrote (3937)12/16/2010 7:38:30 PM
From: jimmenkneeRead Replies (1) | Respond to of 53574
 
This is a typical sell news pattern Steve-- (raw) Money Flow Intraday chart says it all. The "run" was only ~25 minutes before the crack/break. (FWIW an average run can last 45-90 minutes before the breakdown.)

Spot on with the lunchtime cut. That set the recovery pattern that made flippers more skittish to try to trade the downward "spiral."

.86 open + > 1.5million shares traded = net move of .06 pennies.

Gives you an idea how much volume is required to overcome the sellers (although I am sure some today were more "pent up").

Good news is the absorption rate increases. Sets a leveling goal of 1 mill shares average to turn the Float over in ~ 33 calendar days (early Feb).

Other good news is the tradability-- still moves quickly in spite of the increased Float size. A flipper shotgun (buy open & move with run and speckle the down spiral to capture upside by EoD) would work IMHO.

siliconinvestor.com



To: SteveF who wrote (3937)12/16/2010 8:19:27 PM
From: SteveFRespond to of 53574
 
It traded just like that during it's quick run-up last year but the volume was much lower. I'm not sure they can generate the interest to duplicate this if the volume must be maintained.


Date Open High Low Close/Last Volume
12/31/2009 7.45 7.45 6.30 7.25 88,037
12/30/2009 6.40 7.70 6.40 7.20 201,379
12/29/2009 4.74 6.40 4.70 6.35 179,407
12/28/2009 4.74 4.75 4.50 4.70 53,138
12/24/2009 4.60 4.80 4.28 4.75 40,476
12/23/2009 3.70 4.95 3.60 4.70 204,611
12/22/2009 3.55 3.55 3.40 3.55 103,761
12/21/2009 3.25 3.85 3.25 3.55 207,585
12/18/2009 2.74 3.14 2.55 3.13 133,492
12/17/2009 3.27 3.27 2.51 2.75 150,092
12/16/2009 3.35 3.35 3.20 3.30 82,643
12/15/2009 3.30 3.30 2.95 3.30 73,416
12/14/2009 2.90 3.57 2.85 3.46 163,789
12/11/2009 2.19 2.85 2.18 2.83 148,328
12/10/2009 1.77 2.48 1.77 2.20 185,247
12/9/2009 1.45 1.80 1.45 1.80 87,641
12/8/2009 1.19 1.59 1.18 1.58 196,947



Date Open High Low Close/Last Volume
12/16/2010 0.86 1.35 0.78 0.92 1,546,137
12/15/2010 0.52 0.77 0.51 0.77 895,815
12/14/2010 0.59 0.59 0.52 0.53 94,566
12/13/2010 0.56 0.60 0.56 0.58 161,164
12/10/2010 0.58 0.61 0.56 0.60 73,319
12/9/2010 0.53 0.59 0.53 0.54 57,825
12/8/2010 0.60 0.61 0.52 0.59 91,119
12/7/2010 0.64 0.64 0.57 0.59 76,928
12/6/2010 0.57 0.61 0.56 0.59 117,405