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Re: None

Monday, 12/09/2013 10:11:34 PM

Monday, December 09, 2013 10:11:34 PM

Post# of 288
AAPH: Though there were a few profit takers, the bidder(s) did not want to give away the level of their demand. We consistently had ask slaps while the bid was low on price and size.

To me, this means there are accumulators that know what they are doing; and not a mass influx yet. This also tells me there were many starter positions taken today. I've yet to determine if these accumulators are big money, or simply knowledgeable traders that know the potential tight window of picking up shares here.

I'm waiting for ARCA to flash in.

Then I will know what's going on...

Watch level 2 tomorrow. We have been pushing the ask against the first barrier of Fibonacci/standard resistance. Again, the beauty of today's action was the ask slapping where there was seemingly slow bid support. Smart money knows there is resistance here, thus sellers waiting to give them shares. Any bid dropping is a catalyst to more selling, thus more accumulated shares when the ask chases in panic. Amazingly, the ask did not chase the bid down today off the Friday action. It seems the shares at this level are very strongly held.

I think these buyers will be forced out of the woodwork tomorrow.

Else chase.

If no news catalyst tomorrow, expect the bid to try and pull the ask down again. If you are weak, then you can give them your shares. More power to you.

Rest of us will be making money.

I can only provide my own speculation and theories. I am not qualified to offer any
investment advice. Everything I post is my own opinion. DO YOUR OWN DD!!!!!!!

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