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Sunday, July 18, 2010 11:53:08 AM
The exact reason we dropped had nothing to do with the time plan of the company. The may be set right on time. It had to do with the time plan of the people who had been buying the stock to the time of the release.
The short timers all exited at that time.
This PP had nothing to do with the price movement for the true longs and researchers but did affect the short termers for sure and I have no problem with them leaving at all. This is great for the longs as new people that do research buy them up.
As witnessed by Help Me and his everready story it does even make the longs list other then to laugh at him
I have been reading news and sec fillings for years and leaving the charts behind as the reason a stock moves up or down.
My thoughts had only to do with the sentiment of the holders reading the Filling and the news with too high of expectations and this should have been accounted for in the news release.
Matter of fact I knew exactly how and when the posters would use them to set there own directions down and have seen the victims of the chart Voo Doo artists here on the IHUB.
Heck some are as brazen to show no interest at all in a stock till it affects there large groups moneyflow and then they show up with there VooDoo chart and to never been seen again.
Jmurfk can attest to this as he also has experienced this with me in a bunch.
The two indicators on a chart in a longer term developing stock are volume bars to the left and the bottom to see when it is a safe time to add to your portfolio and like others have said have nothing to do with finding a top in these stocks.
The major holders that left this stock at that time can only see the trees and not the other side of the forest and left to probably lose money somewhere else on bad timing to sell there also.
The people that have done the research are just adding when they can Like Trapper Jim and averaging down.
They see the true Value of time to a company that is setting the plan into motion.
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