up 19% with volume, page-2

Deltalady - a few hints

ASX is down today - the volume on this stock is low which means that it is probably a dead cat bounce with day traders simply going along for the ride - it is past the 11.30 where day traders start selling on such a rally - i expect a pullback based on the chart of only being up 8-10% by the close today - so tomorrow afternoon might be worth the time to get in - it should move down another 2% tomorrow and then up 5% on monday.

Yes it is a moderate dead cat bounce - id either wait or look elsewhere - it isnt likley to charge much hgiher and if you look at the market depth you will see sellers building up which will act as a price suppression effect as buyers pull out or back to lower levels then the selloff and profit taking begins.