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IPII - Hurricane play started?
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Gabe I've been hawing it my gut instinct is No.
I love TopD's methodology and thinking and agree this is a summer play just not trusting the vol trends yesterday especially a 5% gain on 100,000 shares. For me I think I just wait for the first hyped up weather report about that first storm at sea of the season and buy it then at $11.00 you know what I mean.... ~ stoney
I love TopD's methodology and thinking and agree this is a summer play just not trusting the vol trends yesterday especially a 5% gain on 100,000 shares. For me I think I just wait for the first hyped up weather report about that first storm at sea of the season and buy it then at $11.00 you know what I mean.... ~ stoney
TopD don't like the action today on IPII typical of a low volume advance. If you have my luck they'll drop a secondary on you tomorrow and you'll be back to par.... technically I would call this a reversal day.
Quote from stonedinvestor:
TopD don't like the action today on IPII typical of a low volume advance. If you have my luck they'll drop a secondary on you tomorrow and you'll be back to par.... technically I would call this a reversal day.
Started the day strong then fell this afternoon (along with the rest of the market) on weak volume. I'm still waiting for a stronger volume day to add. Looking back on the previous spring run-ups, a day over 200,000 volume seems to be followed by 400,000 then 800,000 share days. That's when she really starts to rock.
Actually a few days of consolidation between 10 and 11 would be fine with me. Would likely lead to just that much more of an explosive and sustained breakout.
(BTY Stoney - I liked your call on ASYS I saw on another thread - not in yet, but it does look interesting).
re asys)
Charles over at Kirkreport.com get's the credit TopD he brought it to my attention-I'm not in yet probably tomorrow. peace
Charles over at Kirkreport.com get's the credit TopD he brought it to my attention-I'm not in yet probably tomorrow. peace
TopD what did I say?!
Nice barf to $9.70 today. I see that $9.50 calling but today's volume trends are good and it did lift off bottom. One more revisit thiks afternoon to $9.60 area and that might be enough to push me in. Thoughts.....
Nice barf to $9.70 today. I see that $9.50 calling but today's volume trends are good and it did lift off bottom. One more revisit thiks afternoon to $9.60 area and that might be enough to push me in. Thoughts.....
I doubt you'll see 9.60 this afternoon, but that does appear to be a good entry point. There is a 2,000 share bid at 9.60 right now, but it seems that every time it drops below 10, it gets shoved right back up.
9.49 is the 1/3 Fib retracement from 3/30 low to yesterday's high and would be the ideal entry, but it may not get there either. This thing trades so thin, and there are usually big bid / ask spreads. Volume is still my trigger. I just want to get some more right before the big move.
9.49 is the 1/3 Fib retracement from 3/30 low to yesterday's high and would be the ideal entry, but it may not get there either. This thing trades so thin, and there are usually big bid / ask spreads. Volume is still my trigger. I just want to get some more right before the big move.