Willy what signals are bearish at .063?? That a
Post# of 96879
That analysis sounded nice and everything, but hindsight is 20/20.
I do not think you predicted by using the charts that the
1.stock would open 10%above its previous close,
2. rise almost immediately to 20% and stay around .09-.104 Most of the day
3. It went higher then the 200 day moving .102 for a decent amount of time, when do you think people realized it wasn't going higher?
4. Someone surpasses the 10 day moving average in 30 minutes of trading?
5. Then a drop to .063 on 30 MILLION IN VOLUME
A few questions foryou if you do not mind?
1. Doesn't it just make more sense that someone (or a group of people) could not risk the stock going any higher, so they dumped an obscene amount of shares?? Do we even know if these were real trades?
2. Would you be surprised if these were short's doing wash trades back and forth??
3. Another option is that the shares were sold automatically by the brokerage correct? The rise was over 50%, at that point many brokerages will call in margin accounts and sell whatever shares they want???