OTCPK:TLSMF - Post by User
Post by
cnaismiton Jun 17, 2001 11:06am
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Post# 3884915
Bad timing
Bad timing
What gets frustrating to a chartist is the kind of action that has just gone on with Talisman. One week after this stock,on the NYSE, confirmed an upward move into the 50's(US) we have a reaction to Legislation that may cause a de-listing on that exchange. It is also interesting that the very next day after it confirmed to the upside, and about a week before the legislation was passed, a lot of selling came in causing the stock to drop. Obviously some people knew that the vote was imminent, what it would be and acted accordingly.I have never experienced such an immediate drop after confirmation. My experience has been that spiral formations are often good indicators of future market action. This has been particularly true with Talisman.