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kgoodrich

09/09/04 5:56 AM

#6209 RE: redlepper #6208

Hello Redlepper, TBUS has had its unique liquidity move too. On the 16th of August it was at $2.85 with a liquidity of $310...It took $310 to move the stock 1%. By thr 30th of August TBUS had risen to $2.94 but its liquidity ratio was at $204, much more condusive for growth. It is a lot easier to move the stock at 69 shares then 108 as was the case on the 16th. Today it only takes 59 shares to move the stock up 1%. $224 divided by $3.79 equals 59. So, you're sitting pretty with that still. Now, look at your indicators will there be a profit taking? Every indicator on this chart says go. Good find, Redlepper.