The Brains Trust, page-1656

Barret - The first thing I should say is that I am liking stocks that are in an uptrend. The battle isn't as hard then.

Anyway - ATU - precisely my concern - a devastating downtrend. I like the 15 EMA so unless it shows signs of being able to overcome that, then I wouldn't be in a mad rush.

UBI - the only things that confirms that it has a pulse is the OBV - have a look - it has been rising over the long sideways period. That is a plus. Compare the OBV for UBI with ATU and you will see what I mean. Volume has really contracted so the selling might be coming to an end. Again watch the 15 ema and see if it can get back up to it and start to trade around it. That would be a signal that an improvement may be not far off.

CAY a bit thin for my liking. About the only nice thing I could find to say about it is that it is showing very oversold. I think I would need to see the market do some more encouraging work on this one.

CZI - I should not even be in this one myself as I was breaking my own trading rules as it was already in a downtrend but I admit to being a little influenced by so many glowing summaries and as we now know, the company could not deliver to those expectations or the market was expecting more than the company could deliver. Also it had been pumped on a number of threads by a particular poster (not on the XSO) who I have seen pump a number of stocks that invariably don't end well. Look good for a while but he never seems to know when to leave the bus. Oversold short term so I am hoping it will be able to form a reversal here. Proably would have preferred to see a higher hit of volume than what we saw on this sell-off to completely clear the market but have to live with what we get so will have to wait until it can confirm a turnaround.

On another plane - a BOT today in RFX. How ridiculous.