AI
| Followers | 659 |
| Posts | 47924 |
| Boards Moderated | 1 |
| Alias Born | 03/30/2009 |
Tuesday, April 12, 2011 11:04:38 AM
PNTV A/D line is in positive divergence, since late February, to the pps; it is going up, signalling accumulation, while the price is going down. For a longer time period, one can go back further and see accumulation, as well. It makes one think, David Tice started accumulating last August and became a 10% owner. If he is responsible for much of the accumulation, why would he shoot himself in the foot (or head) by investing his personal funds into PNTV if he didn't think it had potential?
The second chart goes back one year from today. Accumulation starts in late August with a lot of buying continuing to October. Makes one think, doesn't it? Who was buying then? After a short, but shallow, dip, accumulation resumes in late November.
The second chart appears immediately after the first one.
IMO, only.
Chart 1 (scroll down to the bottom for the A/D line, if you have a paid StockCharts.com subscription):
Chart 2 (Again, scroll down to the bottom):
The second chart goes back one year from today. Accumulation starts in late August with a lot of buying continuing to October. Makes one think, doesn't it? Who was buying then? After a short, but shallow, dip, accumulation resumes in late November.
The second chart appears immediately after the first one.
IMO, only.
Chart 1 (scroll down to the bottom for the A/D line, if you have a paid StockCharts.com subscription):
Chart 2 (Again, scroll down to the bottom):
Saving up your money for a rainy day,
Giving all your clothes to charity.
Last night the wife said,
"Oh boy, when you're dead
You don't take nothing with you
But your soul - think!"
(Lennon/McCartney, "The Ballad of John and Yoko")
Trade Smarter with Thousands
Leverage decades of market experience shared openly.
