Replies to post #60360 on Green Energy Enterprises Inc. (GYOG)

[Rick-UK]

To be fair Brikk, you make a valid point and I agree, although that doesn't negate the point I was (perhaps badly) trying to make. :o)

[Makamai]

If you try an follow some of the posters logic regarding how important a NR is, then what happened when the first NR came out regarding the 350 mil financing being securred and the stock rose to about today's close and dropped by closing back to where it opened?? Folks came up with all sorts of reasons/excuses, however the fact is the MMs have control and any stock with volume like this stock maintains is basically programed to follows a technical pattern.

As far as the rest of this week goes, the MMs can justify raising the stocks price based on today's candle and closing. Awesome news will impact the volume and upward price movement, but the technicals will still prevail over time, and the stock will hit a high, then drop and consolidate before continuing up. What we want to happen over the next few weeks, is for an upward channel to form with the stock making higher highs and higher lows with periodic consolidation as it continues upward within the channel. Also folks should expect a day or two now and then where the stock washes out on a given day, but then recovers that same day or next day. If more folks would learn to read charts and understand candle stick patterns, they would all sleep better at night because they would better understand what to expect from stocks in their portfolio. Clay Trader offers a CD that is a good place to start. All IMHO of course...

Makamai