That was a good one romo.
On my frequent visits to watch my LSU Tigers kick some ass I spend the whole weekend tailgaiting and playing some Sat radio for our people. They would not like it much if the music or games got interupted every time my phone rang. They'd probably kick my ass.
here is an example of MM's and MSM trying to scare long's out of their shares and sell....This story has come to my Aol stock page as new at least 3 vtimes a day since April 3rd....notice comments at end.....
http://www.smartmoney.com/Investing/...n-Probably-Not
Brandon i loved the looking glass link,excellent post...But a quick question?
how does the person who lends out the shares ligitimently profit?their must be a fee like options correct,otherwise he only loses when stock goes down,why in the world would he do it...link doesn't say anything about it.
incidentally after seeing that piece i called my broker vto make sure i have the Certs and not an ftd iou...I'm good,have cert..Maybe we all should do that...and actually i told him to send them vto me and i'll hold them because i'm long...i think that would solve the problem for longs,just don't let the street hold certs anymore...if nothing else,it will keep the post office from going out of bussiness,wall street can bail them out LOL
Last edited by JohnnyIrishXM; 04-07-2009 at 01:14 PM.
Don't let the low volume fool you. It is a sign of things to come:
Trendlines
For Pennants, the price trendlines tend to converge. At the start of the Pennant, the price spikes, perhaps in response to a favorable product or earnings announcement. Following the price spike, the price fluctuations continue until they taper out and become decreasingly less volatile. This behavior appears on a price chart with the initial price spike forming what technical analysts refer to as the "mast" of the Pennant, followed by a triangular pennant shape.
Volume
As the Pennant develops, the volume tends to decrease. Martin Pring notes in his book, Technical Analysis Explained, "a pennant is in effect a very small triangle. If anything, volume tends to contract even more during the formation of a pennant than during that of a flag." However, as with Flags, when the Pennant completes you will often observe a sharp spike in volume. Duration of the Pattern
In his book, Technical Analysis of the Financial Markets, John J. Murphy identifies that Pennants and Flags are relatively short-term and should be completed within one to three weeks". He also notes that by comparison, the bullish patterns take longer to develop than the related bearish patterns.
Criteria that Supports Volume
Volume should diminish noticeably as the pattern forms.
A strong volume spike on the day of the pattern confirmation is a strong indicator in support of the potential for this pattern. The volume spike should be significantly above the average of the volume for the duration of the pattern. In addition, the volume over the course of the pattern should be declining on average.
Criteria that Refutes Duration of the Pattern
According to Martin Pring, a pattern that exceeds "4 weeks to develop should ... be treated with caution". After 4 weeks, interest in the stock is likely to decrease to point that it is unlikely to continue in a strong uptrend. No Volume Spike on Breakout
The lack of a volume spike on the day of the pattern confirmation is an indication that this pattern may not be reliable. In addition, if the volume has remained constant, or was increasing, over the duration of the pattern, then this pattern should be considered less reliable and may actually reverse.
http://www.trending123.com/patterns/...h_pennant.html
Im still laughing. HEHEOriginally Posted by imromo24
Post of the day!!!!
Brokers will offer to pay you if you allow them to short your shares. Usually the rate is quite good, say 5%.
Brandon,
We have been moving to test support at .34 most of the day. If in fact there is strong support here, which looks the case, we should move right back up to the upper resistance again and retest there, no?
Thanks brandon,still don't think that is worth it,considering shorted stocks seem to go down roughly 25% on avg.with most alot more..ex:siri 87%
who knows?! I can tell you this. No one is buying here and no one is selling here. The MM's are just trading back and forth.
