Thursday, November 06, 2008 6:13:36 PM
Just to follow up on my previous post. Here is a case study in dilution--EESO. Check out the telltale signs: increasing OBV and decreasing Accum/Dist.
Basically, while buyers are pumping money into the stock, the company is dumping shares, which causes the Accumulation to decrease while the OBV increases. The MFI doesn't capture this IMO.
CINT is behaving properly. Whether it was diluted on the way down from .004 is another issue that I can't answer without further study. And a 15M trading day is nothing when MMs manipulate the stock.
EESO Chart
Basically, while buyers are pumping money into the stock, the company is dumping shares, which causes the Accumulation to decrease while the OBV increases. The MFI doesn't capture this IMO.
CINT is behaving properly. Whether it was diluted on the way down from .004 is another issue that I can't answer without further study. And a 15M trading day is nothing when MMs manipulate the stock.
EESO Chart
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