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coldasice

03/18/11 11:57 AM

#7965 RE: dwalrus #7964

Obviously, I consider volume a technical indicator, but I have not incorporated that into my thought process in terms of THIS investment.
I stand by my post, that technical analysis doesn't have place at this juncture, in determining current price action for CryoPort and company.
The stock is thinly traded and the spreads are too wide to really pin point levels with some sort of accuracy.

A trader certainly will take volume into consideration. Many times, volume has proceeded CYRX news.
I've pointed it out a few times in the past. And Money simply stated, the price action, call it technical if you want, is not behaving in a manner associated with news on the horizon. I happened to agree with his sentiments, in addition too, that any future run in the stock prior to news, will be closely related to a sales event. Sales are as fundamental as you get.