Heavy buying before the close?

[pursuitute]

Hey, I've got a question on a scenario I have been looking at and wonder what peoples thoughts are.

Stock X has been on a bit of a roller coaster this past week and I have been watching intently. On Friday it was having a reasonable day and was tracking about 8-10% up all day and then with ~10mins to go, a feeding frenzy started and it jumped another ~8% which it maintained during the close.

Volume for the day was about 70% up on the previous two days and no announcements or other press were present at the time. Infact, the last announcement was more than 2 weeks prior.

What do you think is in store for this scenario on Monday?

 

[cutz]

Re: Question - Heavy buying before the close..

G'Day pursuitute,

What's the ticker code for stock x so we can check it out.

 

[tech/a]

A speeding ticket.

 

[Sean K]

Depends on the $ amount.

Someone could spend $10K to take a spec stock up 20% if they wanted.

WOW!

 

[beerwm]

maybe insider trading...
[or an 'expectation']

I've seen stocks surge in price and volume before an announcement is released.
[on the shorter timeframe]

 

[jono1887]

Hey, I've got a question on a scenario I have been looking at and wonder what peoples thoughts are.

Stock X has been on a bit of a roller coaster this past week and I have been watching intently. On Friday it was having a reasonable day and was tracking about 8-10% up all day and then with ~10mins to go, a feeding frenzy started and it jumped another ~8% which it maintained during the close.

Volume for the day was about 70% up on the previous two days and no announcements or other press were present at the time. Infact, the last announcement was more than 2 weeks prior.

What do you think is in store for this scenario on Monday?

what stock was it?

 

[cutz]

what stock was it?

Jono,

I've already asked, i think pursuitute wants to keep it a secret.

 

[ThingyMajiggy]

down day on monday

 

[awg]

Jono,

I've already asked, i think pursuitute wants to keep it a secret.

I will spill the dirty little secret

Only 2 stocks match the criteria

MEO and RCR

 

[sammy84]

I will spill the dirty little secret

Only 2 stocks match the criteria

MEO and RCR

I cant believe you just did that!

 

[tech/a]

I'm with Sam but think that both will likely finish lower than Fridays close after an initial buying frenzie in the morning.

This will take the shape of a pivot point reversal.
There could possibly be an inside day on one of them.RCR the most likely.

 

[pursuitute]

I will spill the dirty little secret

Only 2 stocks match the criteria

MEO and RCR

lol, nice work, MEO it is. It's no secret, I was just trying to keep the discussion general.

 

[pursuitute]

I'm with Sam but think that both will likely finish lower than Fridays close after an initial buying frenzie in the morning.

This will take the shape of a pivot point reversal.
There could possibly be an inside day on one of them.RCR the most likely.

What's an inside day?

edit - Google is my pal...

An inside day is often used to signal indecision because neither the bulls nor the bears are able to send the price beyond the range of the previous day. If an inside day is found at the end of a prolonged downtrend and is located near a level of support, it can be used to signal a bullish shift in trend. Conversely, an inside day found near the end of a prolonged uptrend may suggest that the rally is getting exhausted and is likely to reverse.

 

[pursuitute]

down day on monday

I'm with Sam but think that both will likely finish lower than Fridays close after an initial buying frenzie in the morning.

Thanks for your thoughts guys, personally I can't imagine anything occurring other than it dropping - not based on anything more than my head drawing pictures though .

 

[tech/a]

Close to what we thought.

 

[ThingyMajiggy]

your call wasn't far off.

I wouldn't be surprised if we see a down week for both of them.

 

[awg]

lol, nice work, MEO it is. It's no secret, I was just trying to keep the discussion general.

just my misplaced sense of humour

i was running some scans at the time

wouldnt have remarked if i thought it could actually hurt your strategy

apologies for any breach of netiquette

 

[tech/a]

your call wasn't far off.

I wouldn't be surprised if we see a down week for both of them.

To early to tell but MEO looks the weakest with a lower high on high volume

RCR is likely to test the high and today's bar was quite squat.
The 4/5/6 th August bars were and are pivotal. Id be suprised if 64.5 was breached.

 

[beerwm]

pretty stupid analysis,

the market was being sold off in the afternoon, MEO and RCR we're in the green at midday

you've just identified what happened to the majority of stocks today.

 

[nunthewiser]

down day on monday

I'm with Sam but think that both will likely finish lower than Fridays close after an initial buying frenzie in the morning.

This will take the shape of a pivot point reversal.
There could possibly be an inside day on one of them.RCR the most likely.

pretty stupid analysis,

the market was being sold off in the afternoon, MEO and RCR we're in the green at midday

you've just identified what happened to the majority of stocks today.

was a good call in advance , nothing stupid about it.