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Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?


To: Doo who wrote (2851)3/9/1998 1:11:00 PM
From: Z man  Read Replies (1) | Respond to of 7054
 
The stock will take care of it self, who knows what's causing the selling or the buying..the stock has run up 10 to 15 % in a week...the point is now however that the lies are exposed..pink has made a fool of himself and has shown just how desperate he is by manufacturing false information for his own personal gain



To: Doo who wrote (2851)3/9/1998 1:40:00 PM
From: stan s.  Respond to of 7054
 
scifi.co.uk Jeffry...as to the selling pressure.

A possible explanation. ACRT closed almost at it's high on Friday.
The high was 12, I think. I show the open this morning at 12 1/8.

Apparently a gap up. ACRT's 2 biggest volume days in weeks
(excluding today) happened last week with lows hitting
11 3/4 and 10 1/2 respectively.

As you know gap ups are a positive...but as the link above shows
they still have a tendency to be filled. It doesn't always happen
but often enough.

It's a common practice for
traders to sell at the "gap up" price....wait for the gap to be filled
and then buy back in at the "gap from" price...which incidentally,
in theory anyway, defines a new level of support. The stock will
usually then continue on a strong upward movement.

If it didn't gap up this theory is all wet, I'll check the data tonight and
post a chart.

Stan