It's interesting how Ahsan changed his pivot point to 2.76 today. It seems to fluctuate between 2.76 and 2.78. the pivot sits at 2.76 with a close of 2.765....
yeah, it fell right on the pivot, so I guess that is bullish, but I always get concerned with the action that I see. They were holding it down today for some reason. I was seeing huge lots going through 1 -2 cents above where it was trading and that normally causes a nice pop in short time. They also kept both P & F charts inside a channel putting question if they will retrace down to a 2.69 intraday and 2.71 - 2 close again. They were trying to cause lots of frustration with buyers who want in by not allowing opening gaps to fill and then filling with big lots that stuck even though it was away from the trading bid/ask. We never saw 2.74 today, but after hours 87k hit, like the 2.70 lots yesterday.
They could just run the stock up Monday if Frear says something positive even if markets are soft PM. Maybe they dip it PM before Frear speaks to the lower 2.70's. For some reason there seemed to be an initiative to cap it with all the strange heavy buying the last 2 days.
I am always skeptical because they tend to keep it below key Moving averages and support to make you think it is going lower or close it just above for the opposite and then do the old bait and switch.
I believe Liberty bought more today and could be done now or maybe not, but something seemed up the way Liberty opened up down 60 cents only to be up almost $3 later on ?
Unfortunately we will not know the game until they get a bit of a head start. That's the way it works I guess. Yeah, how much closer can you get than .05 above the pivot. Monday could go either way with the Macro and Frear. I am hoping for a nice little FOMO pop since Frear is presenting at 9:00 est., a half hour before the bell. Well see.
Liberty did have a strong day. I would like to know if they were affected by the re balance. 1.5mn traded is quite heavy for LMCA and more than twice the 10 day average. SM is lurking so we can never relax......
My first time here. Thanks to Denco for leading me through my registration snags. I have nothing to comment on at this time, so I'll just fade into the woodwork at least until the market opens on Monday. Here's hoping for some profitable action for all.
PS. EDIT: Funny how Pom Poms reminds me of a bass fisherman in Ill. ( PSST. Hey bass, is that you? If not, then someone has stolen your charts. (Tee Hee)
Last edited by siriusly_invested; 12-01-2012 at 10:55 AM.
Nice to see you found your way SLY!
Tomorrow or Monday I'll start a weekly thread. See you then. I'll be popping in throughout the week.......
I hope this thread (and forum) gains traction with the several good forum posters at the former SWP.
Just wanted to say Hello, my first time here. Denco thanks for suggesting this site.