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Re: mike1988 post# 3284

Friday, 12/04/2009 4:39:03 PM

Friday, December 04, 2009 4:39:03 PM

Post# of 7234
Each stock has it's own style...

And a lot of what it does next will depend on tomorrow's news...

So you can't compare this stock to any other...In the post you are replying to, I edited it after you read it and put a one year/daily chart up...You can see it plain as day that right after each huge spike up, there is a huge selloff...My charting software allows me to grab a tiny portion of this chart, and zoom in on the next few days after the spike up...There are six spikes I looked at, and the next few days after the spike there was a serious pullback after each one...

Have you ever heard the old saying: "Buy the Rumor, Sell the News"?...

This one has a HISTORY of selling off after good news...It is it's STYLE...Not all stocks sell off like this after good news, and this one may change it's style next week depending on how good the news is on Pix...I know I'll be locking in profits on Monday if there's a huge spike up, because of it's history of pulling back hard right after a spike...If it doesn't pull back for a change in the following days, I can get back in if the news on Pix warrants that...



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