Saturday, December 29, 2007 1:45:51 PM
fringe, i'm a bit confused by your reading of the chart. the "strong downtrend" you speak of ended on december 18th in a huge plume of volume imo. since then the only seller i know of was our very own "tothe" whose clunky bid-whacking with a few minutes to go in thursday's session took a .02 gainer and ended us with a doji. if he had sold just a few hours earlier the price would have recovered, and we'd probably be trading around 1.10... jmho.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25583430
but this just goes to show how little anything means during light trading. yesterday's volume? less than 50K shares, and during what is arguably the slowest day of the year. so i must ask "strong" what, fringe? you're certainly aware that ultra low volume causes "noise" in a chart. i would suggest you either wait for the new year, and the restoration of normal volume, or just move on and be done with this stock.
remember back in august and sepetember how many TA experts around ihub were saying deep down was finished? "lower highs!" they all cried. "the stock needs to break .94 or it's going to collapse!" well, look what happened next -- a huge run to 2.35.
what pushed it higher then is the same thing that will move it again in 2008 -- this stock is driven by fundamentals and we just went through a period of more than 2 months with no news. do you think something "very sinister" is going on, or instead perhaps management wanted/needed the stock price to cool off for some reason? as it happens, they were in the midst of a deal, and possibly more than one.
let's clear up one more thing: there's a lot of chatter around here about the "great management team", and imo they are quite good at what they do, but if you are a short term trader trying to play every twist and turn in the chart they are not your friend. the only retailers these guys will ever make truly happy are the ones who do the same thing they are doing: load up and hang on for a long, long time.
if you were to call the company about it i can guarantee you the first thing you'd hear is "we believe in building long term shareholder value" and the second thing you'd hear, if you kept complaining, is "if you're not happy you should sell your shares". they really don't care about the short term swings, and this can be a bit disarming when you consider the usual penny stock attitude.
so please don't take this as an affront, but i'm basically applying their consistent attitude to your concerns, fringe. if you're thinking the chart looks weak, if you think they'll continue the same silence on the PR front from late 2007 on into 2008, then please walk away and play something else. good luck to you.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25583430
but this just goes to show how little anything means during light trading. yesterday's volume? less than 50K shares, and during what is arguably the slowest day of the year. so i must ask "strong" what, fringe? you're certainly aware that ultra low volume causes "noise" in a chart. i would suggest you either wait for the new year, and the restoration of normal volume, or just move on and be done with this stock.
remember back in august and sepetember how many TA experts around ihub were saying deep down was finished? "lower highs!" they all cried. "the stock needs to break .94 or it's going to collapse!" well, look what happened next -- a huge run to 2.35.
what pushed it higher then is the same thing that will move it again in 2008 -- this stock is driven by fundamentals and we just went through a period of more than 2 months with no news. do you think something "very sinister" is going on, or instead perhaps management wanted/needed the stock price to cool off for some reason? as it happens, they were in the midst of a deal, and possibly more than one.
let's clear up one more thing: there's a lot of chatter around here about the "great management team", and imo they are quite good at what they do, but if you are a short term trader trying to play every twist and turn in the chart they are not your friend. the only retailers these guys will ever make truly happy are the ones who do the same thing they are doing: load up and hang on for a long, long time.
if you were to call the company about it i can guarantee you the first thing you'd hear is "we believe in building long term shareholder value" and the second thing you'd hear, if you kept complaining, is "if you're not happy you should sell your shares". they really don't care about the short term swings, and this can be a bit disarming when you consider the usual penny stock attitude.
so please don't take this as an affront, but i'm basically applying their consistent attitude to your concerns, fringe. if you're thinking the chart looks weak, if you think they'll continue the same silence on the PR front from late 2007 on into 2008, then please walk away and play something else. good luck to you.
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