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Re: invaliderror post# 34414

Friday, 04/20/2007 3:02:02 PM

Friday, April 20, 2007 3:02:02 PM

Post# of 143047
MOMO - actually means MOmentum MOver - it means stock(s) that through sheer buying influx, causes great momentum and price to rise above resistence points and really create major profit making opportunity. In it's purest state, it can mean stocks that move either up OR down, where money could be made on Shorting huge momentum dives. Since shorting is restricted by most/all brokerage firms for PK stocks this low, then most people in PK land are only concerned with MOMOs that are going up! We see it a lot - a stock with have a trickle of volume, and then with either incredible news, short squeeze, etc, then it receives an enormous amount of buying pressure through enormous volume pushing the price up dramatically...

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