The selling tide is not changing ...
posted on
Aug 18, 2009 04:48PM
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... it has already changed ... from selling to sideways accumulation.
The reason I say this is; for 60 days, I have had a standing order 50K TYHJF.PK shares all or nothing at 0.100 USD and .... it was NOT filled even though spikes were below intraday and we even had a couple of day lose at 0.09 USD.
Even though I would have loved a 0.100 filling, I am satisfied I only got the 0.105 and 0.110 filled, ... why was the 0.1 not filled ?? I see it as a sign of tiny, tiny very low volumen selling at any price. It could even be constructed "shaking the tree" by market makers.
I take it as yet another sign of bottom structure !
I believe it is a sign of sideways accumulation. Somone *like me* is picking up the spill overs, ... actually we have seen quite some nice volume dayes. That is very posetive too. Some "bigger" players must be active too. I belive if a big player wish to accumulate many shares, it can ONLY be done over several months without moving up the price significantly. (I know the argument goes both ways, also for distribution, but I still didnt get my 50K at 0.1)
Therefore, I would be surprised to to see TYHJF below 0.100 again, but again who knows ... so I renewed my standing order for another 60 days.
Many price scenarios have been shared lately ... on of my personal medium term price scenario goes as follows ...
At this point TYHEE is selling BELOW Shareholders Equity (equal 0.22 USD ref Q209). At some point the tide up will therefore take place ... and correct this extreame failuer and undershhoting ... the first tides up will likely take out the Dec.08 and Feb09 high, with a nice 100% gain from here at 0.11 ish. Consolidate and digest the 0.22 level .... perhaps over 12 months, but not necessary that long .... and then run up hitting 0.44 in a couple of punches yet another gain of 100% taking out the strong resistance around 35 - 40 ish formed as the bottom during 2006 and 2007.
This would be a nice structured technical pattern, and also fundamentally sound and very reasonably with the current knowledge and situation of Tyhee anno 2009.
My conclusion and my oppinion (and investment strategy too) is, it is very likely we have seen the lowest of Tyhee. Something that will be challenged every second during the comming days and months ...
Best,
Euro