Discussion in 'Trading' started by maxtrax, Mar 8, 2006.

  1. maxtrax


    Hi -

    I am a newbie to trading, although I have been doing it many many years.

    What is your opinion on tell tale signs a stock is being acccumulated?


  2. easy #1

    Market falls
    stock doesn't even with average volume.
  3. maxtrax


    Reason why I was asking. SMAN came out with news in the middle of the day today. But if you look at the history, it appears someone was loading up on it a few days prior (accumulating shares). Just curious if one is able to see that coming.

  4. (1) Did you buy any shares before the spike-up? Probably not. (2) Stop wasting your time with penny stocks. (3) The stock had a volume spike yesterday. Did that have any significance for you? Probably not. (4) If you bought into the initial spike and waited, chances are, your position would be a loser now. (5) Expect the downtrend to resume. We'll see what happens.
  5. maxtrax


    No I didnt buy in. But just curious to see if I can apply to larger stocks. Although I dont trade the small stuff, I monitor to see if I can learn something.

    SPAB is one that also had that same characteristics for accumulation, so I want to see what happens next.

    Is it good when stocks has a lot of volume but goes no where?

    Just trying to make sense of it all.
  6. agpilot


    google: Richard D Wyckoff

    Read everything he ever wrote.
    (under his name and "Rollo Tape" )

    Lots ta learn..........
  7. maxtrax


    Ok, I got bashed for posting a legitimate question. I know I am not nearly as experienced as most people on this board. But cut me some slack I am just trying to learn.

    I was watching SPAB because it seemed to have that accumulation thing going on. Since then the stock made a big move up and looks techincally attractive. Well to me that is. I just want to see if I can learn to recognize this better.

    Would love other input on recognizing accumulation.
  8. Review the writings of Jack Hershey, Bubba7 and Grob109 with respect to Accumulation / Distribution. Links to much of the material can be located in my first Journal on the subject.

    - Spydertrader
  9. maxtrax