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Re: Cutting Corners post# 1444

Thursday, 06/23/2005 4:50:52 PM

Thursday, June 23, 2005 4:50:52 PM

Post# of 33129
Yesterday, closed both .035 & .033! Missed buy @ .028 today, only one 250k block traded there. I'm 3/4 filled so far and from the DMI, Aroon cross and start of down trend and other TA indicators, I feel we will see an accumulation channel between .033 & .038. And there is probably still a chance to close at .028. Depends on how the MMs play this and where their inventory sits. From todays money play (chase the large blocks) I think they still have some cheap shares to sell.

IMO todays trading will keep the spec players longer and the PPs will settle with real tight spreads the 1st part of next week, with a climb toward the end of the week. Tommorrow I expect a pump & dump, then the PPs will find the channel, after the MMs sell the last of their inventory.

Didn't like the "ADX lowering" today, instead of it just going flat. But the past DMI+ stair case climb shows continued up trend, after this pull back & accumulation for the next move up. At any rate, we will not see new highs until the next PR and I expect that PR to state the gas line was completed &/or the larger tanks have been installed.

That should take the PPs to .0045 plus leg 1 and a pull back with accumulation, then the second of the two PRs, to take it to leg 2 .065 plus! IMO Flow numbers will be held for the chandle on top of the cake! LOL So there's my guess based on DMI+ following ADX up, the company managements use of PRs and the MM history of working the system.

The monkey wrench, to my guess, is managements PR play matching my time table, in my order of news released. Or the ADX continuing to lower to the DMI+, instead of the DMI+ raising to the ADX. If this happens, IMO the upper targets will be lower but the 2 leg run will still come.