Replies to post #114640 on Cascadia Investments (CDIV)

[timmyjames]

it does matter a little however, as the more resistences this breaks and the nicer the chart looks, the more $ comes in, thus adding to the explosivness of the play


not everyone is aware of the FLD, and not everyone is onboard with it

so when the pps looks nice, and the chart looks nice, more $ flows in

[finefinesuperfine]

No disrespect, but you couldn't be more wrong here. PPS is everything, always. What are you in this stock for? To get a note from the MMs saying "hey, nice job guys, you really stuck it to us", or to make money? And how do you judge if you are making money or losing money? I use PPS for that.

The PPS is the key to the game. Are we experiencing huge volume at these levels? Where was the volume larger for us -- in the 30s and 40s (where, as you say, people can get cheaper shares), or in the 60s?

Further, in order to force the MMs to cover, the PPS needs to go up. It has to become expensive for them to force them to cover. If the pps drops back into the 40s and the 30s, are the MMs going to be scrambling to cover? Not at all.

And of course, PPS is what will draw new investors and new money in. Right now we're in a sideways trading channel. Once we break out of that and break our resistance level of .55, new investors and new money will come in to the stock. We're not going anywhere until some new money and new volume comes in, and that's not going to come in until the pps shows a break above our current resistance.

If you think PPS is totally unimportant you're totally kidding yourself. Similarly, everyone who talks about how charts are irrelevant in this play are kidding themselves as well. But I'll save that rant for another time.