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Re: chipdacup post# 28967

Friday, 01/16/2009 9:45:10 PM

Friday, January 16, 2009 9:45:10 PM

Post# of 86719
Actually, I'm rather excited. A weekly MACD cross. The stock was either unchanged or UP on 14 of the past 15 sessions since Dec. 23. The stock was up 62.5% YTD. You had a beautiful 50 ema break AND a 200 ema break on increasing volume. Today's paltry volume on the second lowest volume of the year served to reconfirm those levels and backtest the move. Certainly if anyone took two seconds to look, this stock has yet to see any REAL volume come in to the stock. Yet, so far this year, 1.2 mil shares came in to buy on the ask against 110K hitting the sell side which is still a 10 to 1 buy to sell ratio and over 90%. You can easily see as I've said many times that there is no liquidity to the upside. Anyone who steps in now to move the stock higher can have their way with it and take it to 70 cents on less than 1 mil shares and over a dollar on less than 2 mil shares. It's that simple.



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