Painting might be possible today still
Message ID: 226070
Posted By: edgarmoon
Posted On: 2005-01-20 14:37:00
Subject: Painting might be possible today still
Recs: 0
Since this bubble seems to have run its natural course. Barring a massive selloff for the longs that have been sweating this beast since the November pump, volume has drifted down below normal in the last few hours. Looks like the hype was short lived and isolated to a small handful of new stooges. I find this surprising as news like this used to pump out temporary surges that would last for weeks. This one has already dropping 15% its morning peak, and is hovering arnound the low 4's with little or no incremental volume.
I think the painters will kick in at the end of the day and try to ramp it up over $4.50, maybe try to get close to $5. I think it will stall around the $4.50 mark as the longs, losing patience with this stock scam, are going tokick in new sales triggers ranging form $4.50 and incrementally up to $5.
Mind you, one of those day traders blinks, and this dog will drop back into the threes.
(Clint Eastwood music plays in background)
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Posted By: edgarmoon
Posted On: 2005-01-20 14:37:00
Subject: Painting might be possible today still
Recs: 0
Since this bubble seems to have run its natural course. Barring a massive selloff for the longs that have been sweating this beast since the November pump, volume has drifted down below normal in the last few hours. Looks like the hype was short lived and isolated to a small handful of new stooges. I find this surprising as news like this used to pump out temporary surges that would last for weeks. This one has already dropping 15% its morning peak, and is hovering arnound the low 4's with little or no incremental volume.
I think the painters will kick in at the end of the day and try to ramp it up over $4.50, maybe try to get close to $5. I think it will stall around the $4.50 mark as the longs, losing patience with this stock scam, are going tokick in new sales triggers ranging form $4.50 and incrementally up to $5.
Mind you, one of those day traders blinks, and this dog will drop back into the threes.
(Clint Eastwood music plays in background)
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "edgarmoon"
under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------