InvestorsHub Logo
Followers 0
Posts 24870
Boards Moderated 1
Alias Born 08/03/2006

Re: mAjOr dAmAgE post# 95

Wednesday, 02/27/2008 4:35:01 PM

Wednesday, February 27, 2008 4:35:01 PM

Post# of 141
Its another one thats being messed with bad IMO. All the buying pressure we saw in the previous days could barely budge it and then the bottom fell out and down she goes.

Looking at its chart, I'd not be counting it out yet. The BB's are about ready to pop and the indicators are very close to their turning point. The only thing I'd rather have seen is the MFI starting to show a bounce, instead of a continuation of its downtrend. That tends to tell me that money is still flowing out of the stock, whether its dilution or selling is unclear. But the RSI has stabilized for the most part and is simply traveling sideways along oversold levels.

Look for the MFI to make its turn upwards, then I'd back up the truck, its going to have a decent run just like it did last time we played it for a 100% gain.


Top Gun Trading Rocks!!!

IHUB Board: #board-9520

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.