if the 20ma death crosses below the 50ma in INMG, your longer term trend is going to suffer. my guess is that when it finally finds a bottom its going to trade sideways for a period of no less than a few weeks. volume dependent, it could need at least that much time just to absorb all the recent exchanging of shares. fwiw, daytraders aren't playing that stock. its not worth it. otoh, position traders, buying, selling and then rebuying to sell again are able to do flip the stock more than once a week. that is actually a good thing. longs don't move stocks. they make them illiquid.
if that board had it together, they could have stemmed the tide. but traders will trade, and longs who don't know how to trade tend to push stocks up before they're ready. both the RetroBoaster and the duly annointed Sir YuckaMuck have done more damage than good with their excessive yodeling. they're both welcome to post here, but my leash will be tightly held on them. shibboleths and old wives tales are not my idea of intelligent posting.
ugh! i fear i prate too much. maybe its because i think the potential for dialogue is all too often wasted. cynic that i may be, i'm still an idealist at heart, and the eternal optimist resides deep inside me.
