Replies to post #5026 on Eco Building Products Inc. (fka ECOB)

[ripster]

Great post and points J! yesterday there was a pre-market trade at .013, with an opening trade at .0119, closing trades were at .0126.

To look at the trades which go across at the bid or the ask and then draw a conclusion, can be a little misleading and some would like it to be that simple. If there were only sellers the stock would not have held it's ground. To ignore the share price in reaching a conclusion as to whether there is money flowing into or out of a stock, is either naive or misleading. Ignoring accum/dist, cmf & money flow indicators might be considered lazy or most likely just misleading.

When you had positions showing on the bid, at .01 totaling over 5mil shares as we did on Friday, a reasonable person might conclude that there were buyers. And when the stock trades in the volumes that it did without moving, a reasonable person might conclude that shares are being taken out and once the source of the shares runs out, the stock should see some appreciation.

We'll see shortly if those buyers had a reason for their optimism. Usually one wouldn't see buyers taking out 10's of millions of shares without a reason. GL2L