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Destiny Media Technologies Inc. Message Board

  • foreverwhiteroses foreverwhiteroses Sep 10, 2013 5:18 PM Flag

    Fascinating... Welcome Charties!!!

    When I think about all the TV ads for online stock traders, I can't help but think that in general, they are successfully appealing and encouraging retail would-be chartists/traders who want to throw around buzz words like moving average, head and shoulders, golden cross, death cross, etc. Why do I bring this up on DSNY Board? Well, DSNY remains a retail oriented stock imho and I can't help but think that two lines in the sand were crossed today, the $2 barrier and price falling through a 50 day moving average adn both caught the eyes of the chartists.... That means that it could very well be that today's action has absolutely nothing to do with the company and everything to do with action watchers who just pile on to technical trends. That would explain the increased volume and the indiscriminate selling. Least I hope so. I was surprised to see DSNY move up so much so fast this past month before Clipstream got underway, but I am also surprised by the degree and rapidity of attack to the downside (-38% in a month). Being a lazy long termer, I didn't act on being surprised by the amount of up (again supercharged by chartists and trend jumpers?) nor will I act on the down, but I'd be more apt to add at around 1.40 than I was to sell at 2.79.... Clipstream's potential is immense, but if it turned out to be a total failure, DSNY is probably worth $1 anyway. IMHO, even minor market acceptance of Clipstream should make DSNY a $500 mil market cap company.

0.26+0.07(+36.84%)Oct 9 3:59 PMEDT