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growacet

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growacet

Re: None

Monday, 01/12/2004 9:53:22 PM

Monday, January 12, 2004 9:53:22 PM

Post# of 69
Any thoughts on ENGY?

Volumes have really dried up of late, 20 day average is only 600K but it doesn't look like they're doing anything to attract interest.

Thoughts? I consider it a possibility that ENGY is experiencing what I refer to as smart money accumulation based on my read of OBV (On Balance Volume)...with that being said volumes are so low right now (just over 100K volume today) that I'd give serious pause. I am invested so view my comments in that light.

If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.

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