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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (18014)3/21/2016 9:25:57 PM
From: robert b furman1 Recommendation

Recommended By
Blasher

  Respond to of 33421
 
Hi john and 3bar.

Distributive volume is always very large.imho

Think about it when you want to unload stock that has been accumulated over years = it takes greed euphoria and volume.

Cohu now trades 55-75 thousand shares a day.

The last major distribution top Cohu had, it was doing 300,000 shares a day.

In 1999 I sold shares way to early and popped them off through a broker in 10,000 share blocks (3 in one day).

The day after, my broker got his butt chewed for not taking them through the block desk as they wanted to scalp the block.

Volume is a requirement of a distribution top!

Bob



To: John Pitera who wrote (18014)3/22/2016 7:07:12 AM
From: 3bar  Read Replies (1) | Respond to of 33421
 
Saw a great youtube video by an expert in tech that said Apple was close to end of its innovation phase and would start to fade . The appl car though may throw a wrench into that .

So some reason to be cautious