re: ewl ..chart - be very careful
From considerable time wasted watching QAD's trading on Friday, I noted idiots confusing the issue by buying then immediately placing SELLs.
However there looked to be some patient and determined buyers at 8 and above. They took no notice of these distractions but kept buying for as low as they could.
Obviously when a stock moves up this decidedly then squiggle-gazing can be contorted to suggest anything.
So these alleged SELL signals should prove VERY handy for informed big buyers trying to shake out backbone-handicapped nervous holders.
While I continue to see serious buying I'll wait to see just HOW serious they really are.
QAD Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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