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Friday, October 20, 2006 10:36:11 AM
Thanx re QOIL.
An observation or two about its chart which may also be true for BIGN... or thare is a good chance of it doing so, IMHO.
In the days between 10/9 and 10/18, the chart turned abruptly from a steep and ongoing decline to a modest uptrend. Deceptive info would have confused me, as it probably would have most every one else, and that is that the steady new upwards channel was on significantly lighter volume than the corresponding declines.
5 day period before upturn:
total 5 day vol -> 4059600 (811920/day on average)
5 day period after upturn:
total 5 day vol -> 2574900 (514980/day on average)
Difference: vol declined 36.57% (296940/day) during the upturn that immediately preceeded the exposive upmove in QOIL.
Lessons:
1. Insiders always know something... the chart tells this story.
2. Ordinary investors did not trust the uptick, probably because it was low volume
Application:
If we see something similar happening in BIGN (or WWNG).... buy Buy BUY!!!
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."
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