Replies to post #50870 on Bayside Corporation (BYSD)

[work-n-hard]

Just remembered to return to this post. EXCELLANT POST! (sorry for the delayed response, I only had my phone at the time.)
I'm # 20

[salamon69]

I respectfully disagree with your analysis that yesterday drop was indicative that BYSD is stagnant because of drop to .0008

Sometimes a stock just needs to test support levels. We tested the 50 day moving average which was good.

In the past I went thru a phase when I had a strategy when it came to shorting stocks. One of the biggest traps and learning experiences I had was when a stock was like this after a big surge in price. I would sell short and then look to buy to cover at the moving average when it dropped. I would even put a buy to cover order with Fidelity right above the moving average expecting it to drop. In this case after the initial rise I would have been selling short at .003 and then putting buy to cover at the 50 day moving average.

I learned some hard lessons not realizing stocks that are meant to continue to rise, will maintain and the moving average will actually come up to meet the stock.

That is what happened with BYSD. 50 day moving average rose to meet stock. If I was selling short I would definitely buy to cover when it hit the 50 day moving average. That is probably why volume was so high. Those who stayed short are going to be in for a big surprise.

I now only like to buy stocks long, but my experience shorting stocks make me extra sensitive at price action. I would be pretty anxious now if I was short in BYSD (which I am not).

BYSD is now going to show strength!