I picked up the money flow change a month ago in my reply to Chartwiz. Remember him? I miss him.
Hey Chartwiz! (Not rated) 13-Aug-07 11:19 am I'm surprised you didn't see the 5-day MA crossover last Thursday. Backed by +'ve money flow for the previous week, well, no brainer really. Can you read charts? Maybe you should call yourself Spamwiz.
People dont understand what shorting has done here.
If there are 15m shorts (according to e trade and jpmorgan) and 9.7m outstanding.
24.7 million shares outstanding, with only 9.7m real. So you can see those extra shares being sold creating artificial selling pressure, which has been done as of recent to try and push the stock down to no avail. The sad part is people think shorts are covering, when the truth is, biggggggggg people are buying. And they are gonna hold for a long time.
Net effect? Lack of long term supply. You and I know this, true raz?
Short term traders be damned. Long term investors make millions, short term traders make pennies.