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Thursday, October 28, 2010 12:13:23 AM
If there was someone who knew what day or week BZCN would make a profit, then everyone would invest all their money with him for the guaranteed win. This stock may climb to new heights or it may continue to oscillate for 6 more months regardless of the holiday season.
Comments like " Friday's the day!", or "it just ticked up to .0008, blast off!" are absolute conjecture. Many traders who hold long positions see their stock tick up and their head tilts to the right with excitement because of their bias in owning the stock and wanting it to do well. MM's are experts at exploiting this by playing with price.
It may be wise to observe BZCN movement and volume at areas of resistance and support to determine if an up-move or down-move is possible, while taking some profit off the table if you have the opportunity. Claytrader provided an explanation of this on the 14th and since then the stock has remained in a tight range, so no conclusions should be drawn one way or the other.
Great movie by the way Braveheart!
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