Saturday, March 27, 2010 9:46:03 AM
Much obliged.
The strategy here looks good to me too. I am staying in.
The action on Friday looked very good too. As I posted on some other board regarding Price/Volume Distribution for the day:
My tools show that most of the orders today (~4.5M of 6.34M total shares) were traded in the 0.99-1.01 range. The daily range was 0.95 to 1.02. This makes the day top-range heavy. Combine this with the fact that today is the end of the trading week, and it tells me that people were making large buys all day long at the top of the range, and they were not only not afraid of holding overnight, but were not concerned with holding over the weekend. This is rather positive, I'd say...
-mm-
The strategy here looks good to me too. I am staying in.
The action on Friday looked very good too. As I posted on some other board regarding Price/Volume Distribution for the day:
My tools show that most of the orders today (~4.5M of 6.34M total shares) were traded in the 0.99-1.01 range. The daily range was 0.95 to 1.02. This makes the day top-range heavy. Combine this with the fact that today is the end of the trading week, and it tells me that people were making large buys all day long at the top of the range, and they were not only not afraid of holding overnight, but were not concerned with holding over the weekend. This is rather positive, I'd say...
-mm-
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