Hemi Energy Group Inc. (fka HMGP)

[PinkElephant]

For the past year it has been quite common for the AH trades to stop for 2-3 days every few weeks. They have stopped for longer periods as well, only to return. There have been many times in the past year where something or other has gotten folks excited and we move up. When the interest dies down everything sinks quickly to new lows. Maybe it is the programmer bias in me, but that smacks of algo trading to me and has since it started.

Is it different this time? I am withholding judgment for now. We certainly don't have anywhere near the volume we did in Dec 2006 at the beginning of the first run. That week saw volumes regularly over 1.5M and up to 3M and that was without the AH trades which falsely inflate the daily volume lately. We also have a lot more baggage/resistance in the chart to overcome.

On the positive side the pSAR flipped on the weekly chart for the first time since August. That looks very promising. As Strongus said, news trumps the chart. If management can keep enough good news flowing to keep up interest we certainly could hit the volume necessary to trigger the algo to give up and possibly start covering like last time, IMO.