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Alias Born | 09/16/2007 |
Thursday, December 06, 2007 11:40:10 AM
The volume is due to speculators coming in and buying. Just check the one day chart. The RSI remains high for this stock and the acc-dist shows the beginnings of an acc phase over the last (roughly) seven days.
As for the PPS, well, that happens when volatility is introduced into a previously dead stock. Think about it: A bunch of us just recently dogpiled on this this stock and the PPS went nuts. That's volatility due to buying and that's natural when a stock starts to show signs of live.
But volatility swings both way -- up and down by roughly one standard deviation. Given the recent swing to 0.001, it's not a suprise to see the correction swing touch 0.0006. This tells use PPS isn't the indicator to use (unless you calculate a Sharpe Ratio) and that other indicators are more useful.
Currently the volume is an excellent indicator. It shows people and MMs are interested in this stock. Why is that good? Well, the better the MM coverage, the better the stock will trade.
Also the Aroons, ADS, and TRIX are all showing that people are taking positions on this stock. Although this process is SLOW AS HELL, it's occuring and matches TJG's comment on waiting until 2008.
For the PFE folks, a buy was issued 11/26.
Keep in mind this is a PINK and doesn't have the same behavior as an OTC stock. Volatility is the name of the game and the mgr WNBD has can use that in their favor.
As for chatting w/ Eric, I've gotten replies and I will continue speaking with him and bring any information I can to the board. I will be emailing him tonight.
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