OTCQX:PALAF - Post by User
Post by
Tooton Dec 11, 2008 1:13pm
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Post# 15640577
Trading
TradingI know there is hostility to trading but we all trade. Just some more than others. Trading is a fact of life and I admit i have tried it aggressively a bit. Trading is what is causing the volatility which is whipsawing the heck out of most people here.
4 things are working in our favor:
Trading is the only thing putting the ask in reach for those who want to get on an up swing. Be thankful, off the gap, it brought the price down to 2.33 from $2.40 this morning .
Shorts are getting hit on the buy on stops. Great stuff. it's nice to have shorts to bet against. They are so predictable.
Technical analysis is hot... and it attracts traders.
Traders can't influence the trend of this type of stock except to make if volatile...within the trend. If you can do the dance, and work around the traders, it lets you take a long position on the back fills. The only thing that is more difficult than picking the up the backfill in working a pop is picking the top swing.
This is likely a gap up in the morning so my advice to the traders is buy as quick as possible to go for the gap and a trade. LOL wait for the backfill though.
Level II is BLUE pie in the sky... every block traders put out is bull bait.