Current Trade

Sunday, April 26, 2009

Don.V

The news surrounding DON.V just continues to amaze me with lack of response it should be receiving. Quite bullish in a market motivating way.

IMOP the only reason it has not popped is that there are too many stocks out there that have been attracting attention from the limited supply of novice traders. Another way to say it, is, that if it's not popping, no one wants until it pops, and in saying that lies the greatest opportunity now available to the brave that makes the difference between chasing and buying low.

Technically charting a comparison with LEVEL II suggests that the tail end of an oversupply is just taking place. After watching the level II action for weeks, it is seemingly drifting and the gap has been widening from a sold bid of about .13 to .14cents to a steady ask of about .17 cents which is a .03 cent spread on most days.

A .03 cent spread is hard to gap down to and is very bullish, considering the good news coming down the pipe along with the lack of fear selling.

The ask has been drifting up putting bullish distance to the bid on a drift up with the occasional ask dropping down near the bid closing the gap to about .005 to .015 cents(1/2 to 1 1/2), and when it does, you don't have a long wait to see the accumulation sneaking in.

Any day now we should see a move.... If you get a chance to take on some of the final selling at .15 to .16 cents.... it may be worth a shot at a quick move into the 20 cent area and eventually a move into the .30 to .40 cent area.

Don't chase...

I have been buying .14 to .15


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