Hardly a bail-out here. Accumulation is actually up. Stochastics are sideways, and CMF is only barely negative. VWAP prior to Wells notice was .0414, and after 2 days trading is now .0371, a drop of only .0043.
Looks like the panic selling effort encouraged by some posters here is a fruitless attempt. Today was the worst of the Wells notice reaction. Tomorrow negativity fades, and Big money and institutional buying gains strength, and continues 'til the end of the week, IMHO.
Follow the BIG money.
nilremerlin
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Posted by: nilremerlin Date: Tuesday, December 15, 2009 12:44:07 AM
In reply to: TEX who wrote msg# 269012 Post # of 276978 [Send a link via email] [Share on Facebook] [Tweet this post]
That ain't all he got wrong...where's the .03 around Dec. 10th that he was so adamant about?...still waiting for that one...I'd love to buy more SPNG shares in the .03s, but that's most likely not going to happen...oh well, .04s will do just fine for me. It'll make little difference when I sell my SPNG shares at at a much, much higher multiple in the $s.
nilremerlin
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