CryoPort Inc (CYRX)

[coldasice]

Old Timer,

I'm pretty close to someone who writes mathematical programs for a large hedge fund, otherwise know as a quant fund. They have all different types of black box programs running.

Trying to write a program based upon human reaction. After all, you're either greedy or fearful, there's no in between, those emotions are what drives stock prices.
What triggers those actions IMO, news events that can force momentum to carry on for days, weeks or months.

That's why technicals have always been secondary in my thinking. Something has to put the technical aspect into play. The technicals have to be driven by something much greater than a bounce off the 50 day.



Classic example, A friend I know own a pink sheet stock @ $2.00. Knew nothing about the company, was told by another friend to buy the stock, because of something that other friend read in the papers.
Luck is not the word, the stock took off from $2.00 to $18.00 within 10 days.
Why, because of some news event, a famous baseball player was signed to the board.
Here's a person who owned a stock for 10 days, walk away with hundreds of thousands of dollars, here I am along with most of you after 3 years, still looking for our day.
Moral of the story, some people are going to walk away a lot wealthy than most of us, and they won't even know how to spell CRYOPORT.