Sunday, April 01, 2007 4:58:57 PM
DEXTQ = lol
Well, this chart ain't gonna help us one bit - so we switch to a scenario analysis.
If the information about a 30,000-share float is accurate, then based on volume and price performance the past few days, retail investors are currently holding at least ten times as many shares as are known to exist. That's my ultra-conservative estimate. It includes selling as well as buying, and a hundred thousand shares for good measure.
If that's true, a real honest-to-goodness monster squeeze is underway. The red phones at NITE, UBSS, HILL and DOM have probably been ringing since Thursday evening lol.
Be advised that once that red phone rings, the gloves come off and the colostomy scope appears. They will shake this until every bone in your body rattles. The proper course of action in this situation is to SELL into strength, wait for the shake (because it WILL come), and buy on the dip. Work with the MMs by giving them shares, but NOT when it's tanking. Make them pay for the stock.
Watch when they drop the bid drastically - do they slowly inch it up again because no one is selling? That's good. Also watch for brief instances where the bid is HIGHER than the ask due to confusion/desperation among the MMs. That is VERY GOOD.
Well, this chart ain't gonna help us one bit - so we switch to a scenario analysis.
If the information about a 30,000-share float is accurate, then based on volume and price performance the past few days, retail investors are currently holding at least ten times as many shares as are known to exist. That's my ultra-conservative estimate. It includes selling as well as buying, and a hundred thousand shares for good measure.
If that's true, a real honest-to-goodness monster squeeze is underway. The red phones at NITE, UBSS, HILL and DOM have probably been ringing since Thursday evening lol.
Be advised that once that red phone rings, the gloves come off and the colostomy scope appears. They will shake this until every bone in your body rattles. The proper course of action in this situation is to SELL into strength, wait for the shake (because it WILL come), and buy on the dip. Work with the MMs by giving them shares, but NOT when it's tanking. Make them pay for the stock.
Watch when they drop the bid drastically - do they slowly inch it up again because no one is selling? That's good. Also watch for brief instances where the bid is HIGHER than the ask due to confusion/desperation among the MMs. That is VERY GOOD.
Good stocks are obvious. Extensive DD is how you convince yourself to buy a bad one.
>^..^<
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