>>Its oversold, IMO.<<
I dont understand how a stock can stay this oversold for this long. None of the stocks I look at can maintain an oversold or overbought line for this length of time. Its like people are just too happy to throw money out the window and sell no matter what. The charts are totally screwd, How can you have 35 mil shares in distribution? When the stock spiked after the CURT upgrade, it was 10 mil or so, which was right with the amount of shares held short, At this point what the charts are saying is we have 100%+ shares sold/shorted. Something major is out of wack. The charts dont lie, even if everyone and everything else can. I am looking at other companies which are is worse shape, larger price drops etc etc.. None of them show things so skewed.
cbs.marketwatch.com
Less than 1 mil shares covered in the entire month of JUL?
08/98 11,027,118 0,710,889 15.51
07/98 11,888,174 1,571,254 07.57
06/98 13,743,171 1,537,487 08.94
05/98 14,367,284 3,249,760 04.42
04/98 11,456,890 1,100,195 10.41
03/98 10,753,122 1,091,241 09.85
02/98 10,581,126 1,125,249 09.40
01/98 09,065,596 1,268,940 07.14
12/97 10,211,586 1,776,611 05.75
11/97 10,013,076 1,616,854 06.19
10/97 09,443,714 1,877,101 05.03
09/97 10,266,009 0,810,309 12.67 |
