GREY:STACF - Post by User
Comment by
Kruzer70on Apr 19, 2007 3:27pm
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Post# 12641031
RE: kruzer TG
RE: kruzer TGSaw the chart and noted the Accum/Dist line. While it is obvious that it is in a positive trend, it can be misleading to look at it in isolation. Stictly speaking, the accum/dist line is a calculation based on where the stock closed relative to the price range it traded in on a given day. Any stock needs buyers to advance and even with no sellers a stock will still 'fall under it's own weight' with no buyers. If this stock were under serious accumulation the price action would be alot better. Having said that there is reason to believe we are at a bottom here but I am not getting too excited about anything until I see a sustained move above 0.70. When it gets above 0.80 I'll break out the pom poms and join you on the cheerleading squad.