Thursday, December 17, 2009 2:21:13 PM
I believe we will see, and may already be seeing Institutions accumulating this stock.
Just a note on the Trades for the day. Trades show up as buys when they are at, or near the ask, whether they are buys or sells. Trades show up as sells when they are at or near the bid, and questionable when they are right in between. You can't always trust the buy/sell ratio. MMs have been known to hide buying by filling buy orders at the bid price. This is one of their manipulation tactics. Don't be fooled. They have the ability to see where the majority of stop loss orders are set, and when they want to take the price down (for a big money buyer, or to facilitate short covering) they will try to trigger those stop loss orders. I never use stop loss orders, because once a target price is reached, the big money buyers, and short covering come in, and back up we go. Patience is sooo important, especially when you know the fundamentals of your stock/company are strong.
JMHO,
SpongeBath
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