Well said. I am happy to see someone not taking sides (I take sides myself sometimes). It is pure objective explanation and very true!
Perhaps no breakdown yet, but SNTA is on the precipice, setting a new 52 week low today. When that happens there tends to be more downside in store, so it's not a high probability gamble to buy right now. Will be interesting to see where this goes from here. If you're right about the double bottom, then SNTA would maybe be a great candidate for a January effect swing trade.
antonio, don't waste your time with this putz. He is counting on nasdaq's website and treating it as gospel LOLOLOLOL. He must have started trading last week.
If you pay attention to level 2, there are actually more buys than sells today. This is pure manipulation. On the easier swing trades I've seen in a while. I'm buying anything below $2.70 today/tomorrow and flipping for over $3 by next week.
1.4 million cant be all shorts or sold cus Ive been buying a lot today. Does that also count selling for u ?
uh, shorting is selling. and there are LOTS of 100's that are added together to create what is called a block trade. 1.4 million shares is not a lie
that is a big lie. I saw how the push the price lower with lots of 100's. There is no selling just lots of shorting.
for now, I am and have been loading up on LAYN. its' boring but they are trading below book value and are improving financially every quarter.
First, let me say shorts aren't evil and longs good. Everyone is trying to make money and generally on stocks like SNTA both groups can win. As we bounce around the 52 week low (again) it is time to see if the shorts will make their money and provide that relief.
When shorting you never know where the bottom is (and longs never know where the top is). So one of the short techniques is if you don't time it right the first time and cover when it hits the bottom you wait (and sometimes wait some more) and the stock will come back down for that "double-bottom". This is where the smart shorts will then load up and cover. This of course causing buying and moves the price back up.
So lets hope the SNTA shorts are watching and waiting for this low to cover and make their money and push the price back up.
Yeah...and you claimed NUMEROUS times that BB's were so tight that this stock was going to soar...and you were consistently wrong. I'm glad that you're wrong pointing the other direction...it means that the stock is probably going to go much higher. Give it up....you're a loser.
Sentiment: Strong Buy
No breakdown yet. Looks like just going to retest the prior low. If bounces up from that low then we've put in a double bottom and up and away. If cracks below the prior low and lingers then could be further downside.
Sentiment: Strong Buy
Antonio - if you don't know what breakdown means google it with technical analysis.
James - NO, that is not my opinion, that is a fact according to technical analysis. NOT my opinion. check the authors of any TA book and if you see my name as the author then it is my opinion. Yes, I was talking about a short squeeze and wished it had happened, but in the world of trading stocks, things change. I have my buy order in at 2.28
what u mean BREAKDOWN occuring? Not that we are selling cus of u saying that, just wondering what u mean