AI
Saturday, December 02, 2006 10:04:23 PM
OT: CKYS
It may be a good stock for all I know (I'm not big on DD), but IMO it is now in correction mode. It got a pop on news recently, but I expect the downtrend to resume. Volume tells the tale here – the retail herd is not convinced the current PPS is justified. The stock is losing strength, and momentum indicators are falling away. Barring a significant PR, I believe it will seek out the 50 DMA (currently 0.0227). All just my opinion of course.
It may be a good stock for all I know (I'm not big on DD), but IMO it is now in correction mode. It got a pop on news recently, but I expect the downtrend to resume. Volume tells the tale here – the retail herd is not convinced the current PPS is justified. The stock is losing strength, and momentum indicators are falling away. Barring a significant PR, I believe it will seek out the 50 DMA (currently 0.0227). All just my opinion of course.
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