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Alias Born | 06/07/2006 |
Wednesday, September 20, 2006 6:58:15 PM
It took 7 trading days to go from $.004 to $.055 and that move came on no news. That is a 13 banger from top to bottom in 7 trading days and all on no deals closing. Thus we have seen how far and fats this can move on momentum alone when the MM's are driving the bus in the opposite direction.
The second thing I just noticed was the Red Candles and larger Volume days (Red as in down) that led up to that run. The Volume was not as high as it was when it ran, but relatively speaking the Volume was spiking up on down days right before the Run. Was that accumulation back then by MM's in a similar fashion as what we might have seen today?
Just some thoughts after looking to see if thereis any sort of pattern in those charts. I have no idea how far and fast this stock will run when some of these major deals are announced, but I sure want to hang around to experience the rush in the opposite direction. Today was not a lot of fun, but just maybe a signal of better things to come if the previous pattern of higher volume down days was a precuror to the big run.
My opinions. Do your own DD and make your own investment decisions.
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