No breakouts in sight.
Note the amount of stock traded and the distribution pattern between June of 03 and March of this year in this chart.
The MACD line (and a bunch of other indicators which are derived from the same base volume price data) offers a little hope for the upside but they are still very weak. And there is that big barrier to work through.
I don't think it is going to go very far.
Got stopped out of my short but the volume is lower than yesterday. This thing is running on fumes. time to watch and wait.
I wonder what percentage of the greater fools is supplied by the owners of mutual funds that are buying this thing.
Thanks for the thought on "Ignore This User" Definitely needed.
This stock has a big short interest but I am becoming a nervous short for chart technical reasons recognising that the fundie money could be used to pull this type of mid cap up at any time.
1. RSI has been flat below 70 until the end of quarter pop.
2. MACAD has begun to cross over (long term/short term)
3. Accumulation-Distribution has not had a good up slope for some time.
4 Chakin money flow indicator on the recent end of quarter pop is not as good as I like
On the emotional side, I "feel" the indicators are saying that there has been underlying weakness masked by end of quarter mutual fund window dressing. The quarter is now over.
Of course, I have been burned before and may well be again.
Short sellers should have deep pockets and be carefull.
Go to the optons below the Yahoo chart and click on Profile(underlined). Scroll down to "Statistics at a Glance". The short interest is in the lower right corner. As of May 8, it is given as 7.6 million shares. The Short ratio is 12.45 DAYS at average volume.
A lot of people think that this is a lousy "investment" at these levels but the fundie boys will only care about painting the books for the month and will try to pump this thing until every last short has been "harvested". This may be a lousy "investment" but it is a pumpable stock. Is there any overhead supply? If their customers suffer long term, they will worry about that later.
Been there, seen that.
Why all the irrelevant posting on this board? Toll Bros has been honored by a Platinum Award from Forbes. Lower interest rates should promote home building. What other news?
I have just tried to price "Numerical Analysis"
(ISBN 0-53491-585-x)through Amazon's on line order
service. They would not give me even an estimate. I have
to order the book, then I have the option of
rejecting on price when they fill the order. I stopped in
Borders (store) on the way home and they immediately gave
me an estimate(within $2.) and a delivery time. Why
are they doing things this way? Will they give me a
hard time if I don't like their price (since they will
have my charge card number)?
I checked AMZN
about a year for a text I had as a loner(didn't retain
the ISBN) and got a Borders price of $74 to AMZN's
quote of $93(Full I think) I decided against the book
for other reasons but was surprised that a discounter
like AMZN was so high.
Does anyone know how