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Message: Thursday, Aug 13 Market, Hello to Fans of BEHL

Thursday, Aug 13 Market, Hello to Fans of BEHL

posted on Aug 13, 2009 12:26PM

My First post on BEHL Hub... The Best of Luck to All with this spec play, as well as with all of your choices in the Market...

On the Pinks - BEHL sp still feeling pain. Management's decision to not allow use of their logo to a coverage company makes it appear that coverage is not wanted. This seems to be the reason for the current slide as nothing about the Company has actually changed. Technicals show Daily Stoch, Mac and OBV in painful Bear mode. After the big drop from 0.15+, there was a pop to 0.08 before continuing down and making a lower-low today. Still above MA50 (0.03) with 15min techs showing Bullishness while 60min techs trying to turn. Getting close to bottoming out in this cycle, but this market can be fickle, so beware.

Dow up a touch after yesterday's big 120 up day, but could have been bigger had profit-taking had not set in at the end of the day. Today sees initial indecision, then some buy-in, but the bad news of fallen retail sales jobless claims being up seems to be getting a discount but slowing the Market. The "clear sky" Bullish signal is possibly coming to pass as the Stoch and Mac are converging toward making this part of the down cycle a short one. Still, be diversified in this Market as it can be dangerous.

Energy - Appears to be mixed. Will watch this Sector as half of a stocks sp move is usually from the Sector. However, News will drive a stock despite the Sector.

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