slaughter today , page-59

G'day Portsea,
I am on IRESS. Your right the daily MACD has crossed zero with no sign of converging - so it's heading south. Stochastic is also at 15 with a downward hook. I'd be waiting for the MACD to converge and show some sign of levelling out. It seems that all the indicators are negative. The successful traders will be out with profits and the day traders will be riding the bumps down with very tight stop losses and let?s not forget the T+3 traders. Other stop losses will trigger soon which will see a cascade on the sell side. This stock rose with nearly 8 million trades. It needs to stabilize but the traders with quick profits in mind will rape and pillage it until then. It's a good stock but when traded on announcements then it's not valued on worth but sentiment. I am buying in but not yet.