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Old Aug 22nd, 2003, 11:41 AM   #1
trajecto
 
 
Join Date: Jun 2003
Location: Michigan
Posts: 21
How do you interpret stocks that shoot up on tons of volume for no apparent reason? I am just starting to use trade-ideas and checking out the running up alerts. One for example today would be: EGHT

Is this smart money? how would the seasoned guys interpret/play something like this? I'm not buying it but it sure looks tempting.
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Old Aug 22nd, 2003, 11:44 AM   #2
dotslashfuture
 
 
Join Date: May 2002
Location: Tampa Bay area, Florida
Posts: 1,260
those kinds of things don't look tempting to me unless they drop back on much lighter volume.
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Old Aug 22nd, 2003, 12:09 PM   #3
just21
 
 
Join Date: Feb 2002
Posts: 3,540
Did trade-ideas tell you as it was going up? How many ideas is the program coming up with?
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Old Aug 22nd, 2003, 12:20 PM   #4
trajecto
 
 
Join Date: Jun 2003
Location: Michigan
Posts: 21
I just checked today's history, the first alert on that one was at 10:21:20 "Running up: +0.03 in less than one minute."

That seems pretty good when you look at it. There are alot of other running up alerts too (and of course other types of alerts). This is only my 3rd day trying out Trade-Ideas, I like it alot so far. You can get overwhelmed real easily with so many alerts and alert types but can easily narrow your focus.

Main thing I was asking about was these stocks that shoot up for no reason. I guess the thing to do is not ask "why" just look at the action.
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Old Aug 22nd, 2003, 12:31 PM   #5
ElCubano
 
 
Join Date: Jul 2002
Posts: 7,140
Quote:
Quote from trajecto:


Main thing I was asking about was these stocks that shoot up for no reason. I guess the thing to do is not ask "why" just look at the action.
No rhyme nor reason...unless of course for future news which we dont know about yet....peace
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Old Aug 22nd, 2003, 12:40 PM   #6
just21
 
 
Join Date: Feb 2002
Posts: 3,540
Does the site have volume alerts or are they all priced based?
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