More Charts – I See Similar Pattern Again
Posted by Stock Online Trader on April 27, 2010 in Short Selling, Stock Review, Technical Analysis |
I see similar trend again and again. I have listed 9 such stocks. All of these stocks have had huge run-ups and then that has been followed by big dump and selling.
There are three main reasons why the selling is normally heavy.
1. Short sellers looking to sell this pump as it enters over-bought territory
2. Momentum/speculators traders who bought this early now start dumping to take profits
3. Long term investors who got suckered into buying this stock, would want to get out at the first sign of selling and reduce their losses
OMG… theres soo many to short!! Thanks for posting these up. I’m tweeting these out right now..
ROHI still looks good for the pickens. Some are potential bounce plays, those with the biggest red candles