|
PureBytes Links
Trading Reference Links
|
Dave,
My opinion, for what it's worth: (and Master technician I am not)
I wouldn't consider buying this stock at this time. I am disturbed by the enormous volume on the two major sell-off days in the recent past. - i.e. 3/6 .. down 5 1/2 on 10m shares, and 3/27 .. gap down 1 1/2 on 7m shares.
If the stock is ever going to threaten the old high, I would be content to catch a piece of the move.... 20-25, or 25-38, AFTER we have had a significant up move on big volume.
If I had to place a trade on this stock now, I would short the stock, with a view to getting 5 more points of downside, but, with 10,000 choices, trading this stock would not be among my priorities.
Martin.
Dave wrote:
> Dear master technicians,
>
> I'm looking for some help in determining if FPAM has >any< support levels or if it's a free-fall. It recently had a fairly good earnings announcement, although expenses were growing faster than expected. At the same time, buyout rumors fell through, and the stock has been trending down 24 => 16. I had previously thought it had support in the 16 to 18 range, but it has recently seen the low 15's during active trading.
>
> Your thoughts are appreciated.
>
> Thanks, Dave
> zdave@xxxxxxxxx
|