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reallybadtrader

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reallybadtrader

Re: colormixer2001 post# 5838

Monday, 05/14/2007 11:36:39 AM

Monday, May 14, 2007 11:36:39 AM

Post# of 9101
You dont want buyers to come in and gap the stock up significantly, when they are done buying the stock will trend back down because the demand drifts off.

What you do want to see is buying pressure upwards on a consistent daily basis, that will let you know that there is multiple buyers interested in accumulating stock.

Focus on the next several days price action, if you see heavier than normal volume and postive % gains, you know this news is attracting multiple buyers.
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