Traders Cooperative

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Shasta, BZP has grown into one of my top ten holdings. I hate to recommend it since it has run up so far, but everything is going their way. The stock shows no sign of topping and the fundies have continued to improve. I have only sold a few shares, a few months back.

http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24436101
there is a chart in the post
To: buckbldr who wrote (98308) 3/24/2008 6:31:19 PM
From: dabum3 5 Recommendations Read Replies (1) of 98398

Re: BZP and GTRE. --- Buck, there is nothing wrong with BZP from a technical standpoint. Keep in mind, that TA isn't a tool to predict future price movement. It's a tool to measure supply vs demand with regard to timing your buys and sells.

It doesn't matter what type of product you are marketing. In order to be successful, you must understand the law of supply and demand.

You want to buy a product when demand exceeds supply. Price has to go up in this scenario.

You want to sell when there is more supply available than there is demand for the product. Prices always fall in this scenario, regardless of product.

In looking at the weekly volume patterns for BZP, you can clearly see that there is a lot of demand, even at these prices. In fact, there was more demand for BZP from $17 to $20 than at any other price range.

Since BZP has had a huge runup, it's expected that we see some profit taking. You can tell from the volume patterns that we are seeing normal profit taking, not a sell off. When you see huge volume but a small range bar, that's profit taking which is being absorbed by demand. A sell off is huge volume with a "wide range" bar. The price drops substantially in a session because there isn't any demand to absorb that supply coming to market.

For now, it looks like a normal period of consolidation for BZP. This could change of course, the volume bars and range of pricing at the time will be your clue.