tesla1899...I also like to keep an eye on the trading...

tesla1899...

I also like to keep an eye on the trading timeframes...if for no other reason than I know what might be ticking over in their heads?

Following are the 10 day charts for 10, 30 and 60 minute cycles...when I am day-trading I usually strategise entry and exit points around the convergence of each with the other (see below).

All I see here is strong momentum...and if not tomorrow, then wednesday will see a large run, possibly continuing to the weekend.

All good...particularly today's strength in the face of a concerted effort both on the market and the forums to generate a swing.

Once again, not much volume available for a swing...and they had to face competition from longs.

I was virtually the only buyer in options today, but for a few "luckies" someone picked up at 1.3c.

I also find the "3b" today for the conversion of 1.5c options (recently issued) of interest...watch this space.

I can't help but feeling something big is on its way...and am feeling uncharacteristically excited about this stock at this particular time.

When you look at the major moves in small stocks like this (a good example is SSN), most of the point "gains" were made holding for announcements...in between which the traders fight for crumbs.

The moral of such a story is that with rerating plays, more money is usually made holding (and catching the announcement "towers"), then fighting for pips in the aftermath.

Cheers!