Decent intraday recovery - | IOC Message Board Posts


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Msg  3820 of 13357  at  1/8/2010 8:42:56 AM  by

nygatoron


 In response to msg 3819 by  xzorro123
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Re: Decent intraday recovery -

I agree.  Even after this massive sell off (according to all the short that are all suddenly making money) IOC is up $5.50 this year  or over 7% in just 4 days.  We have sold off the last two days on volume of under 725,000 vs. 1.42m on the two up days.  The 10 day volume average is 990,000 and the 25 day is 1,064,000. 
 
Follow the volume.  When a stock goes up on heavy volume and down on light volume it is under accumulation.  Investors and funds that accumulate a stock are no in it for a point or two.
 
Good luck to all longs.
 
Gator


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