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Message: Re: I guess no news means
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Jun 26, 2015 10:19AM

Momentum is building though- and I'm speaking from a volume standpoint, which is very objective intended to provide a balance to anecdotal enthusiasm and catch prhases that all too often lead to poor investment decisions. I too am long, and not day trading because the odds are stacked against you if you're looking to predict hourly trends, etc.

I wish I could move a market with a chart (LOL), but I don't have that level of influence...

Two charts: This first one is the daily. This pullback is encouraging and should be expected. It ran up 20% in a few days on strong volume and has come back a bit on much lower volume. This isn't anything to worry about.

http://stockcharts.com/h-sc/ui?s=PTK.V&p=D&b=5&g=0&id=p13754559970&a=411909598

This second chart is the monthly. I prefer weekly charts for my investments, but this one is most important for this group is looking to stay long for many years. We broke out of a 15 month consolidation in February, had a backtest and are clearly moving up. If we move back below $1.38 area, then this up move has been negated.

http://stockcharts.com/h-sc/ui?s=PTK.V&p=M&b=5&g=0&id=p31934932096&a=412049528

I like charts to help me understand stocks because it's the best barometer as to understanding how people are putting their money to work.

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Jun 26, 2015 01:56PM
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