Market Outlook

[billyjoe]

If the market is overbought and it drops , theoretically, wouldn't the stocks with the 200 below the 50 fare better than those with the 200 above the 50 assuming that they are stronger stocks to begin with? I don't know, but it seems that way to me.


billyjoe

[IIC]

Notice the new lows of some of these stocks? I'm hoping ELN doesn't join this zero list: Six, count 'em, six!, hit zero! Whoever bought them on Thursday lost everything. And one did a volume of 336 mil.

No they didn't. Those stocks are just trading for less than 1/2 cent a share. In fact NEXH was up 100% on Friday. On Thursday it closed at $.0001 sh. It was the most actively traded BB. On Friday it closed at $.0002 on below avg vol.

You know, it kinda reminds me of QBID. Back in early '04 a guy touted it on Yahoo when it was at $.0001. I did some checking and it actually seemed to have some potential. So I placed a limit order at Scottrade for 5,000,000 shs at .0001. Up pops a message that this thing can't be traded on the net...call your local office. Well, I was too lazy to do it and that was the end of that. But unfortunately it was up close to .02 in a couple of months...I missed out on almost 100 grand.