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mammon
Posted : Wednesday, December 26, 2007 3:41:56 PM
Gold Customer Gold Customer

Joined: 11/11/2006
Posts: 359
APSLL:  Would you by chance have ABK on your Bonza Bottom List?

Mammon
Apsll
Posted : Wednesday, December 26, 2007 4:21:28 PM

Registered User
Joined: 3/21/2006
Posts: 4,308

Mammon, how are you today? No this one is not on my current list. The long term action is a bit funky for me, and I have never liked this industry. But the short time that price has spent forming this bottom does interest me, as I will demonstrate in the two following charts.

In chart one it is obvious that someone or many someones likes this stock at this price range because thay are accumulating a whole bunch of it. In my second chart I will show by the pink circled areas that we might get some action very soon.

If you pay attention Daily then I belive if managed propperly there will be profits to be had.

I would not call this formation a conventional Bonanza Bottom, but I would at this time play it as such. If price breaks $34.00 on convincing Volume then I just might join you in this one. Let me know if or when you enter.

Apsll.

Apsll
Posted : Wednesday, December 26, 2007 4:22:03 PM

Registered User
Joined: 3/21/2006
Posts: 4,308
Apsll
Posted : Wednesday, December 26, 2007 4:24:07 PM

Registered User
Joined: 3/21/2006
Posts: 4,308
I also do not like that there is zero Institutional support.
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