Replies to post #21339 on The Friendly Money Making Board

[taint]

thanks professor....glta

[coydog]

You get accumulation at a bottom. The stock goes into a basing period after a long down trend. Professional traders buy when no one is looking and shorts are covering. When the shorts are covered and the professionals have loaded up for the next run we move but not before. That is why I have not even been looking at the stock now. I will expect .50 and then I will take a hard look. If I see a high volume stall I will be selling into it. That is called distribution. Remember the stall on PBLS at .034? The good traders were selling because they do not read pump boards.

[Renavatio]

Agree. I'll be in shortly. I like it when a stock trades sideways like this near a bottom and no news. Made my few successful trades at that point (ie SPZI thanks to a call by Mthead).