sell/buy ratio was 2.5x1.2 ! It has been this way for some time now.Still no clue who is the seller ? The volume was routed thur exchanges across the country bos/cin/nyse/pac/nasd/philly ? There were some buyers of around 60.000 shares at the close . I'm guessing here that it has some thing to do with the divvy being halted till further notice when they have their earnings call/CC ? but it is just a guess( which I am in favor of) they need the money for other things .GLTY
Knows something is coming down the pike (news wise ) .Almost a double on the daily volume and a new all time low . Any news has to be an improvement hopefully a new CEO( just a guess on my part ) ? That would get noticed . This total silence doesn't sit well with the street and might bring NOR on the radar screen ?
"Didn't you chartsters call a double top the other day?" That was from a tout trying to scare you out of your position . I post this to inform .Take it or leave it .
Definition of 'Momentum Investing'
An investment strategy that aims to capitalize on the continuance of existing trends in the market. The momentum investor believes that large increases in the price of a security will be followed by additional gains and vice versa for declining values.
Investopedia explains 'Momentum Investing'
This strategy looks to capture gains by riding "hot" stocks and selling "cold" ones. To participate in momentum investing, a trader will take a long position in an asset, which has shown an upward trending price, or short sell a security that has been in a downtrend. The basic idea is that once a trend is established, it is more likely to continue in that direction than to move against the trend.
Your style seems to be working for you that is all that matters ! GL
Double Top Reversal
The Double Top Reversal is a bearish reversal pattern typically found on bar charts, line charts and candlestick charts. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between. Note that a Double Top Reversal on a bar or line chart is completely different from Double Top Breakout on a P&F chart. Namely, Double Top Breakouts on P&F charts are bullish patterns that mark an upside resistance breakout.
Do more DD on these "Double Top "Google it for more insight . It could also bring a bullish point of view from the same action ?
OT when YOU employ over 300,000 world wide that pay their fair share than maybe will talk about you not wanting to pay tax's ?? BTW Immelt and Obama are thick as theive's .Immelt heads/chairs Obama's business round table forum .
There are 2 rules to being the CEO of any listed company, rule number one "Get The Stock Price Up " and rule number 2 "NEVER FOGET RULE NUMBER ONE " . "Kip just doesn't seem like an exciting guy. " If he wants to stay CEO he had better start real soon . I agree about the future being brighter with a possible M/A hopes.
Good For You . BTW A person on a message board should do their own Due Diligence .Be careful of poster's on a message board .That includes me .
If you watch them or not doesn't make any difference a lot of folk's do . They can move the market .I believe in facts that come from the companies I follow so if they are talking either positive or negatively about said company I will listen to them and draw my own conclusion's .GL
I'll take your word for that . I'm more interested in Who was the seller/buyers of all those share's. NOR volume was 10 x the resent daily vol . My guess is that most of the shares came from the M/M inventory ? Since there was no follow thur and Nor wasn't able to hold the high of the day that the bottom has not be made ? imo