RE:RE:RE:Awesome Day for SPthepbay wrote: Are u high? the only gap I see on the 5 day chart is last Friday and that was on the down. Your are right thou this might be orchestrated, and that is so that it will run harder when they release the news they have. This is all a big boys game being played no doubt, but your logic behind it is all flawed. It is to show momentum. Wait and see, everyone here has been telling you. As far as I am concerned, this is proving everything. Cannot wait!!!
pbay
- pbay... do yourself a favour and learn how to read the charts especially when the price moves are based only on "fluff" and no fundamental strengths.
- Broaden your time horizon on the chart and look at the chart YTD,..Do you see that "BIG GAP" from .49 to .65 or ... are you too "scared" to notice it !!
- Low volume "melt ups" are used primarily to "suck" fools into the game. High volume moves , on the other hand, are more fundamental in nature and more "genuine". You know, like the big volume "down move" from 1.05 to .68 that happened a few days ago.
- One more thing, IMHO, that any "good looking news release" will set the stage for a massive selling surge as I know that a lot of you are "stuck" in the high .90s - $ range and will be more than happy to "break even", if possible.
- However, the chart shows a short term "double top" at .82 at dismal volume, which technically is extremely bearish.
- Waiting for that gap to be filled at .49 and hope it moves "up" after that happens, otherwise.... all bets are off.
Cheers..