Carlson Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, Support is Provided By Institutional Investors & Company Insiders” is a component of investing framework for this very reason. XCO has the above support PVTA is riding on thin air with anemic volume. The light volume I alerted last week on PVTA as a polite way of letting those know it was about to take an elevator ride down. Later that day it dropped to .43. The same thing was taking place in CHK, light volume, it had dropped from $20 to $18.5 quickly, then rallied about 1/2 way back to $19 but light volume wouldn't allow any follow thru. Thursday it started to bleed and Friday it took a dump closing a gap and punching the 50ma. This increased the volume significantly closing just below the 50ma at $17.2. Monday and Tuesday will tell whether it will move back up or head down to retest $16.32.
Holding the shares would have resulted in a loss. ie $200k would drop to $172k. Or if you prefer $200 became $172.
Another trading opportunity is in the making.
