Lawyerlong and accumulation
posted on
Jan 10, 2005 10:24AM
I certainly wouldn`t jump in this way if I thought the PPS could/would go lower...
Of course this is all predicated on ``ACCUMATION ACTUALLY TAKING PLACE`` Even though the past days have been unusual as far as trading goes it could be ``normal``. One of those rare moments where things like this happen with no apparent reason evident.
Personal opinion: It does not appear to be normal trading to me unless the Bid and ASk have so narrowed to a 1/2 cent trading range that this has now become our normal days trading range. AS our range of the past month or so of .01 to .02 .03 cents.
I have a tendancy to agree with LL, not because of the narrow trading range but due to the fairly good volume. I am a big volume guy. That`s where all the tendancies are. We have had relatively good volume with a narrow PPS range. That is not normal trading....