Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : AVBC Aqua Vie Beverage Corp. -- Ignore unavailable to you. Want to Upgrade?

To: TraderGreg who wrote (10911)	1/5/1999 9:48:00 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 16988

Well, I hope that I'm right in predicting this. From hourly chart: All TA indicators seem to be positive for AVBC to bounce back from this point. Money flow remains positive, MACD is turning positive, and slow stochartics indicate a bottom was reached and are turning upward (daily stochastic reflects this as well.) There is a very tight Bollinger Band formation on the hourly charts as well. This should bode quite well should the company release news. The following is pure supposition on my part and I have nothing but gut feeling and intuition to back it up: I suspect the recent action may be due to limit orders being placed at these prices, thus preventing Mmkrs from jacking up the price when they know the volume is to be had at the limit price (assuming it is a large limit order). I've seen other stocks were limit orders were placed at certain price, and mmkrs (or the buying party) would apply pressure on the ask whenever the stock rose out of their price range. It is indicative of a "shakeout" where stock changes hands from weak to stronger positions. It could also be that someone was short, and wants to cover at these levels, but that would have to be a MMkr or someone out of Canada. That's how I'm reading the tea leaves. Regards, Ron