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See PWAVs results? Beautiful!
I mentioned a few hours ago stocks showed support, I also managed to pick up my trusty Berkshire at 90K AGAIN.
Lets see if it can hold, remember options expiration is tomorrow so it very well could give it back...OR, it could race higher, my charts indicate indecision. ;)
Be patient...
Don't liquidate your stocks on day 7 of a selling frenzy, at least wait for an uptick at this point.
Some stocks are showing significant support at these levels.
I would not be suprised to see a reversal here. However, I would not wager on it either!
Yes, welcome to Hell!
It is the media...they are relentless Day after Day after Day after Day from my HOA to ABC Nightly News you hear it OVER AND OVER again
And that my friends weighs on sentiment. So far, PWAV however looks strong.
CEBU, SSCC said it is contemplating bankruptcy.
Not sure I would touch it at that price personally with that now lingering over its head.
I take that comment back, we have not been down all those Wednesdays...(wonder where I got that from..lol)
Regardless, the DOW moved from the top bollinger band straight down to the bottom bollinger band over 6 trading days. I think we should see a reversal tomorrow. If the market gaps lower at the open buy it.
Keep in mind this is options expiration week too. :)
Camp made a complete reversal to the downside all day. That gap at .48 will likely be too powerful and will fill. I would not set a buy any where above .48 personally...but that is me. In this market ANYTHING is possible!
If history repeats itself, we will have a nice up day tomorrow in the market. I believe we have now been down 11 of the last 12 Wednesdays...
A near 200K block went through at .55
I agree with you Eye, I have not sold my shares and now I am green again if it holds. We shall see!
Any one just see that in PWAV? What in the world happened there???????
Eye, what does this mean...did he recently buy an 8 million stake in PWAV or is this old news?
The stock is getting pummeled!
PWAV followed the pattern I indicated, Friday opened and closed at same price followed by yesterday's pattern of opening higher and closing lower...thus the sellers are in control.
However, the short interest is still very high. I think the sell off will be met with resistance on the down side near the .5545 mark but could dip to .50 range. The market is due for a turn and the Nasdaq is showing strength after the recent fire sale.
I am still holding but I am a bit timid now. What is every one else doing who is in this stock? I saw the same pattern in FIG and GNW before they eventually launched. However, the selling pressure in PWAV in terms of volume has been very weak.
I was HOPING it would close green today because of the open/close same price from Friday indicating the buying was slowing as investors didn't know what to do. Instead it closed red by a penny. I think this will push us back to the high 50s, but in the market is technically oversold as well. So I have no idea, all the technicals, etc are meaningless right now.
I wish I knew what to expect in PWAV, the nice thing is it didn't run 500% so the give back should be minimal.
Any one else ready to pass out from boredom?
PWAV is finally moving a bit. But snoozer today...
Yes, but that MA near .65 is MAJOR resistance. If we can just get over it and hold the chart pattern would indicate a BUY. Right now the pattern is stuck on indecision as buyers & sellers are unsure what to do.
I personally think this will be an up week in the market. I think selling now and last week was in anticipation of the earnings cycle beginning. Remember, the market is forward looking. Makes me think most the bad news has been priced in...but I could be far wrong as well!
Good luck, and push PWAV higher!
I just think PWAV is going to SCREAM, I was expecting a down day today in PWAV, based solely on the chart pattern, but it has surprised me this far.
Seen WAVE? That is short covering, PWAV has far more shorts, so they can beat it up all they want, it will come back at some point and go higher.
The MA is resistance right now, maybe if I put in a 100K block order I can push it over and it can hold??? ;)
I guess it depends---I sadly think it depends on how much money you have with them. When you have enough you can pretty much get what you want---the threats are like rubber bullets
There was a huge block that went through on Friday at the close over 600K shares. I went in to look at funds and it appears Aberdeen small cap fund reported over 850K NEW ownership in the stock.
there is very little selling in PWAV since mid-nov, but there has been buying. Insiders have been purchasing, but just small amounts.
Marc C Cohode owns the largest share of the float. He is a large fund manager who typically shorts, so it is VERY interesting that he is the largest holder and made his last purchase of 400K shares at 4.05/share.
I think there could be institutional buying coming in PWAV from mid-late Jan. So I will likely add to my position if the stock falls, .40 has provided significant support twice now. Good luck folks.
PWAV
I took a large position in PWAV last week, but the technicals currently indicate it could fly or sink Monday. It touched the top bollinger band and it formed an indecisive candlestick as it opened and closed at the same price Friday after a run up. I listened to the conference call, read all the SEC documents, etc. and feel it is a great buy...however, there seems to be a complete lack of motivation from buyers.
At what price will the short squeeze occur? Clearly they have not felt it necessary to cover just yet as the volume on the uptick has been rather light. It is flirting with the MA as well and indicates an overbought status.
What is our target here? 1.25-1.5?