Replies to post #7890 on Novation Holdings Inc. (NOHO)

[AliEn BRaInZ stox]

You would be smart. $ALZM is known for strong runs. I was a moderator for this board for quite some time. As a technical trader $ALZM support has been very strong without any news in the 005 - 6 area.. Last Thursday's news is a game changer for the stock at least short to mid term.
New pending acquisitions are upcoming catalysts that for $ALZM stock price appreciation..

There are 2 reasons that I can see as to why $ALZM dipped back below a penny after the strong gains on Thursday .

A- Summer market.. Between now and post 4th of July Holiday brings the lowest volume into the markets as opposed to other seasons.. Pro traders - prop traders and hedge fund managers are in the Hamptons and other desirable summer areas enjoying the spoils of their labor and their family.. This is a fact and it happens every year like clockwork..

B- Friday's markets are always weak overall.
Don't get me wrong many stocks do well but as a swing trader I find that I can get the best prices on stocks that I like on Friday's. People are clearing the books and freeing up $ for Mondays momentum and also taking risk off the table.. There are plenty of Pro -- Traders that as a rule do not hold ANYTHING over the weekend ..

And for good cause..

ie:>>>>: Those holding atrinsic over the weekend will wake up tomorrow morning to see that there company has filed bankruptcy and choosen release the press over he weekend.

This has nothing to do with $ALZM but is a perfect example of why so many traders tale money and risk off the table rather than holding over night....

Good luck everybody ..

I like $ALZM <> short to mid term.. Target .02 - .04 ;-)