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Messages - Hwang888

#1
Stock Picking / Re: NVAX....another VPHM ???????
October 30, 2005, 11:49:17 AM
From 07/22 to 08/25 (45 Days), total trading volume was about 22 M shares. During this period Hi was about 1.3 and Lo was about 0.7.  From 08/26 to 10/28 (45 Days), total trading volume was about 40300 M shares. The volume is trying to tell us something (about 2000 times), share price will settle at some point in the near term (I think to be $4). During this period Hi was about 6 Lo was about 1.3.  Within this 90 days period, there were 3 stage jumps. 1st stage price range was 0.7-1.3. 2nd stage price range was 1.3-2.5. 3rd stage price range was 2.5-6.  I think the dust will settle.  Price movement will oscillate between 3 - 4.5.  Based on trend pattern, the next jump will occur around 1st week of December.  Next week,  I predict shares price will be down for Monday & Tuesday approach to support point 2.5-3.15.  Trading strategy should be buying point around 3 and selling point around 4.  However, note should be taken for news and possible contract announcement.  If price movement pattern will duplicate for the period (08/26-10/28) for the next 45 days, it will be safe to trade between 3 - 4.5  before Thanksgiving.  After that, holding should be a good strategy.  Next week will be critical to watch the new pattern to surface. :o