Funny they crashed it in one day what could occur in 15 months on my model (see below line "Base Max 4 : T= 15 - Base= 11.07 - Proj= 3.07" where 3.07 is the monthly target in T=15 months) As I said a crash in my definition is compression of time: what a compression it was really great: I will keep this example in memory Proj - pt 1 - 01/01/03 - Chrono - 1 mon - VXGN0_1m_030101_000000_030223_sf.txt Projection 0 : T= 0 - Base= 16.52 Base Min 1 : T= 1 - Base= 15.96 - Proj= 14.72 Projection Min 1 : T= 1 - Base= 15.96 - Proj= 14.72 Retournement + : T= 1 - Base= 15.96 - Proj= 14.72 Retourn Frac + : T= 1.24 - R= 16.02 Projection 2 : T= 2 - Base= 16.22 - Proj= 20.04 Base Max 2 : T= 3 - Base= 16.72 - Proj= 25.31 Projection Max 2 : T= 3 - Base= 16.72 - Proj= 25.31 Projection 4 : T= 4 - Base= 15.96 - Proj= 24.37 Projection 5 : T= 5 - Base= 14.97 - Proj= 21.95 Projection 6 : T= 6 - Base= 14.08 - Proj= 19.47 Projection 7 : T= 7 - Base= 13.30 - Proj= 17.20 Projection 8 : T= 8 - Base= 12.47 - Proj= 14.41 Retournement - : T= 9 - Base= 11.86 - Proj= 12.07 Retourn Frac - : T= 9.10 - R= 11.81 Projection 10 : T= 10 - Base= 11.42 - Proj= 9.47 Projection 11 : T= 11 - Base= 11.17 - Proj= 7.51 Projection 12 : T= 12 - Base= 11.07 - Proj= 6.19 Base Min 3 : T= 13 - Base= 11.04 - Proj= 4.93 Projection 14 : T= 14 - Base= 11.06 - Proj= 4.00 Base Max 4 : T= 15 - Base= 11.07 - Proj= 3.07 Projection 16 : T= 16 - Base= 11.04 - Proj= 1.87 Projection 17 : T= 17 - Base= 11.02 - Proj= 0.56 Base Min 5 : T= 18 - Base= 11.02 - Proj= -0.60 Projection 19 : T= 19 - Base= 11.05 - Proj= -1.36 Projection 20 : T= 20 - Base= 11.10 - Proj= -1.93
On weekly chart 8.97 has been broken, normally when a support is broken like this it is retested before trend can resume. <IMG SRC="http://www.elitetrader.com/vb/attachment.php?s=&postid=208988"> I rarely follow stocks, I only use my model with indices, but theorically it is applicable to any stock. So it is dangerous to short this stock because of the upside potential of this retest which represents nearly 50% of current price If instead VXGN had opened above the BRK (Break Zone) of 13.85 (see label in light blue) the stock should have made a big rally instead. In general Opening is very important.
Is the market saying that this is a bankrupting company???!!! I don't understand how a support stuff can use "what.... ?????!!!!!" chating with a customer. But you will believe me when you encounter this soon.
i took vxgn@6.80 got out on a scalp at 7.60... this is the only time i traded this company since december...
I hear you nitro. I started accumulating stock at 11am. Picked up 35,000 at 5.9, only to get stopped out at 5.7 for a nice whopping loss. Doh. Managed to catch the end day move and squeak out a small gain for the day, but really mistimed my original stop.
thank you, and kudos to you as well... keep up the good work everyone!!! however stay focused four more days 'till the end of the month lets not start slapping each other on the backs, and giving high fives...