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Old 03-20-2008, 02:25 PM
port80 port80 is offline
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Re: [VSA] Volume Spread Analysis Part II

I was wondering if you folks could provide some insight with what is going on with this stock using VSA. CPHD. I am a newbie at this just starting to pour over master the markets so please forgive my ignorance. I originally found this stock using float analysis which I find iffy at best except in some cases where stocks are bottoming or topping and the float turnover is obvious to someone even like me.

Sure enough this stock had a float turnover at the top and the bottom dropped out. Its reached a support level but I am confused as to what is going on. I feel like this stock is definitely being marked up or down by professionals. However it almost seems like there is a buyer/seller battle now going on. Any insight would be greatly appreciated. I'm unsure where this stock is going at this point. So I've exited most of my position at a profit but I still have some longer term puts open.
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