Less than 20 buys That was a very good point
Post# of 1517
Posted On: 05/20/2015 10:05:16 AM
Less than 20 buys
That was a very good point . . . .
ANOTHER DIMENSION on that same line of thinking is to focus on the volume instead of the number of transactions ( or yet another dimension : the $$$ volume of the transactions )
Many different ways to analyze the same thing. ..... All equally legitimate, IMO . ..... In my peculiar corner of the universe I look at one thing as the main indicator : "Significant Volume"
That will differ from stock to stock - - - - and the exact volume number that shows significant interest will differ - - - - based on the volume history for that stock in normal times.
In this case, I won't think anything is happening until we see million share days. ..... That may be a bit too high, and if it is, then we will be looking for 500,000 share days for sure.
Those 500K share days will be surrounded by many days with 100K to 499K volume, as far as the eye can see.
Well, my choice of volume breakpoints may seem arbitrary to you or to others - - - but, pick your own breakpoints - - - and whatever you pick, my assertion is accurate, it is still correct.
WHAT IS CERTAIN ( here and now ) is that zero-volume days tell a clear story. ..... A story that cannot be wished away or explained away : ..... Nobody ( outside of the Pershing Community ) really cares about PSGR right now. ..... Those watchfully waiting need to commit to have an impact, or even to matter at all.
One of these days. ..... Just not today.
One more thing, that volume jump that shows real interest ? ..... Generally you will see the initial spike at the opening bell : .... at 09:30:29 give or take a dozen seconds.
I await that day with bated breath !
Until2017
That was a very good point . . . .
ANOTHER DIMENSION on that same line of thinking is to focus on the volume instead of the number of transactions ( or yet another dimension : the $$$ volume of the transactions )
Many different ways to analyze the same thing. ..... All equally legitimate, IMO . ..... In my peculiar corner of the universe I look at one thing as the main indicator : "Significant Volume"
That will differ from stock to stock - - - - and the exact volume number that shows significant interest will differ - - - - based on the volume history for that stock in normal times.
In this case, I won't think anything is happening until we see million share days. ..... That may be a bit too high, and if it is, then we will be looking for 500,000 share days for sure.
Those 500K share days will be surrounded by many days with 100K to 499K volume, as far as the eye can see.
Well, my choice of volume breakpoints may seem arbitrary to you or to others - - - but, pick your own breakpoints - - - and whatever you pick, my assertion is accurate, it is still correct.
WHAT IS CERTAIN ( here and now ) is that zero-volume days tell a clear story. ..... A story that cannot be wished away or explained away : ..... Nobody ( outside of the Pershing Community ) really cares about PSGR right now. ..... Those watchfully waiting need to commit to have an impact, or even to matter at all.
One of these days. ..... Just not today.
One more thing, that volume jump that shows real interest ? ..... Generally you will see the initial spike at the opening bell : .... at 09:30:29 give or take a dozen seconds.
I await that day with bated breath !
Until2017
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