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  • get_imaginary get_imaginary Apr 22, 2011 6:09 PM Flag

    Must be manipulation

    LOL. Oh come on. Price behaved normally. It declined to support levels then began to reverse back up. That's what stock prices do. That's the most common behavior for any stock that's trending in a channel. Including oil stocks. Chevron was trading for just $80 in late Nov., which was the support level for its channel. Was that a conspiracy too? Go look at a chart if you don't believe me.

    SPWRA has a trend interrupted by a bubble. If you ignore the bubble, you can see that we reached support (bottom of the channel) this week when price dipped to $15. It went down a few more pennies, which I admit gave me a nervous moment, but then reversed to stay in channel. A relief, yes. Abnormal, not in the slightest.

    What's weird is that SPWRA then lept up 5% for no reason at all. If you want to posit conspiracy theories, at least make a plausible case by linking the proposed conspiracy to something unusual :-)

19.41-0.73(-3.62%)May 2 4:00 PMEDT