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Blyth, Inc. Message Board

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  • michaelpaschal03 michaelpaschal03 Sep 21, 2012 4:42 PM Flag

    Any technical idea of why it bottomed at $31.5 and then bounced 10 percent?

    I understand and know about those things you listed. I am asking why it hit $31.31 at 10
    .06am and at that point the short covering began, along with the new longs anticipating the short covering? Why at that moment and at that price? Also, this represented about a 24% drop. Is there anything on the chart you can see, or some sort of rule of thumb which made this the bottom of the drop, instead of say $31.00 even at 10.30am even? Also, Y! numbers say that the short % is only about 11%. Most of the time that is not enough to cause any sort of nice reversal, but that with just over 9 million in the float, a little pressure goes a long way. I am just asking as a daytrader, not as an investor. Opinions, please.

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    • $31 is right in the middle of the old congestion between $27 and $35. If you go back even farther, there is large overhang around the $40 to $60 level. So it's bouncing between those two levels. I don't think this Moody's report really changes anything. Good buy here.

      • 1 Reply to drsqueeze_com
      • I think you must have meant "GoodBye here". Visalus is responsible for, what 60% of all revenues and 110% of all growth (other business segments dropped 10% or more in sales). They're spinning it off for a 1-time cash infusion and maintaining a 75% stake which will only turn into more $$$ after lockup IF visalus lives that long.

        There are only a few examples of long-term successful MLMs and these few cases survived because of a large diversity of offerings (e.g. Mary Kay, AmWay). Visalus is the SlimFast of 2012 and that's all they have. It relies entirely on a very large volunteer/commission-based sales force for revs. They're inflating the bubble on the hopes and dreams of these "reps" with nothing but a protein shake that tastes like cake batter and a lot of hype. This model is doomed to fail. The only question is when, not if...

        Sentiment: Strong Sell

 
BTH
4.61+0.07(+1.54%)Jul 31 4:02 PMEDT