Re: 49%15New Institutional Holders Summary on aru
posted on
Mar 04, 2008 05:06AM
I agree too Fearless, both your reply to goldbugs and Fatman's.
This is Technical Analysis related. On the chart for ARU, I noticed that on about February 19 the On-Balance Volume (OBV) line began an uptrend; before that time it was in a downtrend. Also, at about the same time the Accumulation Distribution line started an uptrend; prior to that it was in a sideways trend.
You might like to check those two indicators occasionally for the next several weeks or few months, provided somebody doesn't come along and buy us out! lol!
Sometimes (not always) when the OBV is in an uptrend for several weeks or months, it could be a sign that a possible buy-out is imminent. However, in this case and for the time being I think it's because of the recent coverage and news related to Aurelian. Anyway, til whatever happens . . . One day at a Time.
Cheers! . . . and GLTA!