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rich pearl

05/08/10 8:16 PM

#7969 RE: BEMusings #7967

no matter what happens in life, there will always be dissenting opinions. and isn't that what makes the world go round instead of staying flat?

personally, i liked Fridays action. even if this is fully diluted and it's all in the float, 74M is merely 10% of the OS. and 30M of that went off in one large dump at .0005, to which no one is posting that that is where they were filled. i know i wasn't. and, as you've pointed out, this closed at the same price it opened at. on the chart that's called a 'dragonfly doji' -- depicts a day on which prices opened at a high, sold off, and then returned to the opening price. dragonflies are fairly unusual, but when they do occur, they often resolve bullishly (provided the stock is not already overbought as shown by Bollinger bands and indicators such as stochastics).

here's a link to a webpage with a simplified explanation:

http://www.fxwords.com/b/bullish-dragonfly-doji-candlestick.html

best to you BEM, and good luck to ALL

rich