Replies to post #44874 on Dewmar International BMC Inc (DEWM)

[doebop]

look at the annotations...
Specifically the MACD section...
Lots of folks trade the 60min timeframe..
when the MACD crossed bearish (green line below red line) this triggered technical traders to take profits and shorts stepped in..

news came following day, MMs let the price run up because folks were foolish enough to buy with a bearish indicator... then once the quick buying cooled off, the started shorting again.. takign profits.

this took out stop losses, etc.

notice the chart is still bullish, when this changes, MACD green line above red line, the buyers will step back in for more gains..!!

personally would like to have seen news come Monday not Wednesday.
we'll get more big news :)