RE:RE:RE:low volume trading to the selling side has been constantwasagastar wrote: CatalystTrader wrote: wasagastar wrote: Although speaking to staff at IMP is reassuring, the constant sell side pressure (although not overly in massive volumes) has had me concerned about no news - sometimes when the constant sell side dominates for a period of time it tells you catalysts are lacking or not imminent. Staff at IMP say if deal not closed by end of December they will make an update NR. I am long and will continue to be. Good luck to everyone here - and lets hope news this side of new years!
It tells you nothing
Your theory is people who bought (higher) expecting it to close (sooner)
Have it right this time
Not saying they do
Not saying they do not
But they are guessing as much today , as they were when they bought
Only difference is the emotion stimualting the action (greed/fear)
If selling beats buying daily - it tells you everything. No buying pressure whatsoever. If there was imminent news, don't you think the buying pressure would start winning? When that happens, we see news. Doesn't matter - lets hope for news tomorrow having said that. I have my hopes on news Monday and some buying pressure over the next few days will be a good indicator. Good luck to everyone here.
All I am saying is the guys selling have no clue as to when it will be signed
Unless someone with inside info starts buying , how would they know there is imminent news
I have my hopes for NOW lol
I am going with Friday for my call, if you have Monday