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Replies to post #1072 on lowtrade

Replies to #1072 on lowtrade

lowtrade

10/25/05 4:50 PM

#1073 RE: SEBASS #1072

SEBASS
TERN

DMI & other TA, shows no end of dive in sight. Note; Oct 20,21,22 volume increased on PPs dive. Cleaned out some stops at $3.20 or so. Todays candle & equal volume, to day before, says bottom reached, but not reversal. No descending triangle, besides should want ascending triangle for reversal.

Todays PPs tried 6 month low, but returned to 3 month low. I expect sideways a little before new test of $2.70/72 6 month bottom again. To be honest, looking at the 6 month, I'd have stong questions about over all quality of playing this. Moves to large & fast for a $3.00 stock. Looks like a penny. Company must be hanging buy it's teeth, living & dieing on news. No swings on the way, just straight up or down.

OSIP

Same, no reversal in sight for this one. Actually this one has a worst chance in making a come back. It's a bad sector and down trend steady and long. If PPs gets close to $26 again, it may be trying to break out of the channel and you should watch DMI for sign of swing buy. IMO just not large enough past swings to swing though. Want at least 1% for a $20ish stock. SO IMO if it's not a swing play and no reversal in sight, look else where to make money.

IMO no bottom plays there. Just short term bottom stalls.