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Post# of 47295
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lowtrade

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lowtrade

Re: Phoenix-Rising post# 11741

Monday, 01/14/2008 7:22:47 PM

Monday, January 14, 2008 7:22:47 PM

Post# of 47295
The COPI play IMO

That's the typical PR hype play, 3 legs over 3 months, chart pattern plan. Known as a temp job play. LOL

Haven't been following the PR story. But the chart screams of hype play!!! Took it down big time for accumulation.
http://stockcharts.com/h-sc/ui?s=COPI&p=D&yr=0&mn=9&dy=0&id=p01660882864

Then see the Sept. POP proving to VCs the insiders could do it, after the CMF accumulation, during the first stall channel at the new bottom.
http://stockcharts.com/h-sc/ui?s=copi&p=D&yr=0&mn=6&dy=0&id=p17423560401

If this pattern I teach is correct, you'll probably find funding or share restructuring between Sept and the first leg up Dec. PR blitz!
http://stockcharts.com/h-sc/ui?s=COPI&p=D&yr=0&mn=3&dy=0&id=p38817809779

Note the tween good CMF stall channel accumulation (buying or selling) in the second stall channel, Sept to DEC. It's going away in the 2 large runs! Think maybe that's because insiders are selling so much which was accumulated???

Have you seen this before in the pattern posts, I've done about these plays before. YES !!! But since there is still some CMF there, there should be some accumulation still around, for leg #2 to complete in month 2 and leg #3 to start several weeks from now!! Need the extra time for a small reload for the big guys. IMO

I'd watch for a short stall after this move. With some 1 to 1.5 mil volume days. At the same time watch the flag FIBs & run/retrace stall channel.

The play has been posted about many times. Here's a chance to see it again. If the PR story was setup on the desk correctly and the insiders have it ready & time it well.

I personally don't like the volume. I have some concern about the amount of retail playing this one. IMO it should be larger with 10 mill daily as the volume low! This could come if it continues from here, instead of turn as expected. All up to the PR timing.

If they hit you with a PR before the retrace starts, I'd be more up beat! No PR support less up beat. Just not sure they know how to play the play, from the inside.

They need more volume support, but do they know it or how to get that volume, by keeping this move going with a well timed PR? Right now the chart & TA says turn coming. You want to stop that NOW!

Either way. Learn to sell. NOW is a good time to bank profits and re enter if the PR support comes or stay on the side lines if it doesn't!

Have fun!!!!







Success !!! http://www.investorshub.com/boards/board.asp?board_id=3972 Welcome to my mind!

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