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Replies to post #401 on lowtrade

Replies to #401 on lowtrade

lowtrade

08/07/05 5:01 PM

#407 RE: starboy #401

starboy
MMXT opinion.

DD not a promising company. $1/2 million spent to get $14k rev's Q1 2005. Large increase in PR's since Q1. Shows they are working harder to sell stock than grow company. IMO

Chart wise 1 year swing channel in your face. 3 month reversal just took place, in very thinly traded stock. Volume moves, show day trading, only, off the retail markets radar so far. Looks like this stock has had many large one day PPs swings with little volume before and after.

TA; DMI good, ADX shows continued up trend, Aroon 25 good, for that matter CMF, RSI, MACD, full stoc, all look good for up trend to continue.

Opinion, because of thin volume, between moves, all year and the cycle of the 1 year being so slow, I'd play this with my day trade like a swing and my swing like a long, until the volume starts staying above 1 million daily.