Diversified Oil and Gas Holdings (DVFI): I posted yesterday evening after close (...

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Imperial Whazoo

Re: miner49r post# 15164

Thursday, 09/07/2006 5:58:44 PM

Thursday, September 07, 2006 5:58:44 PM

I posted yesterday evening after close (see 14927) and my view today stands from a technicals point of view. Except for the fact that it had really low volume yesterday, the action today was consistent. today, it rejected the low and refused to set even an intraday new low. It posted more volume today than yesterday and it refused new lows. Plainly put, the sellers at new lows have not materialized. Put another way, it is clear that there are buyers at these levels and, to tempt new buyers, the MMs are not having to push it to new lows. IMHO, the bottom (pre-news, that is) is in.

That being said, I still find it suspicious that these mirrored down side instantaneous type of trades are a FACT. What the ever lovin' blue eyed heck is the explanation?

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."