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Re: sliencedogood2010 post# 4305

Saturday, 07/03/2010 2:04:29 AM

Saturday, July 03, 2010 2:04:29 AM

Post# of 73703
How can you say the news bits are more about Avalon...? Avalon bought its share from Bayside it's equally about both companies. How can you say stocks don't go straight down after good news? Sell on the news is a strategy that works for many traders.

Do I know why it went straight down? No. Could it be dilution? Yes. Are people who bought even a few days ago bitter? Yes.

Is the chart looking better? Yes. Personally, I wish I waited one day to buy, I would have been able to make 80% in one day on a trade. I missed the entry a bit, but chart is telling me to hold tight!

MACD turned and -DI on the ADX is turning ever so slightly... Accumulation/Distribution isn't falling off the charts last 2 days-- honestly, expect a pop.