Hot Pick Of The Day

[Gwhiz]

Yea, he was in my chem 1 class last year, I stopped by your house to play basketball with him once or twice.
He showed me your 81 consecutive trades of 15 % or more in a row this spring, thats how I found this forum.
I actually live a block up the street from you on Prospect.

My name is Morgan Martindell.

[mrmarket]

I dont know how valid this is, but I have read about "resistance zones", in other words general areas where a stock tends to either get shot down or surpass that level. Peix seems to have done that today, going just a bit higher than previous resistence before dropping, but tommorow may prove me wrong.
Here is an article:
http://www.investopedia.com/articles.../02/060402.asp

I see you go to Princeton High School...do you know Steven Barsamian?

[Gwhiz]

I dont know how valid this is, but I have read about "resistance zones", in other words general areas where a stock tends to either get shot down or surpass that level. Peix seems to have done that today, going just a bit higher than previous resistence before dropping, but tommorow may prove me wrong.
Here is an article:

http://www.investopedia.com/articles/technical/02/060402.asp

[skiracer]

Resistance points can be somewhat elastic.

I never heard of resistance points being elastic or being able to stretch or give. They are what they are. A line that is either broken or not. A moving average or trendline is a line that the price pushes up against and is stopped or it breaches it. Any line between two points is either broken or not but it doesn't stretch.
I would like to hear how it can be elastic or stretch. Not trying to give you a hard time but just curious.

[New-born baby]

PEIX seems to be finding resistance around 15.40, is it possible that this could be the resistance point, instead of 15.20? I guess i'm just asking how elastic resistance points can be.

Resistance points can be somewhat elastic.