MBYL’s Unique Chart

Posted by Admin on June 7, 2010 under Penny Stock Alerts Blog | Read the First Comment

Morning early risers. Today there is money to be made so let’s get to it!

First off there was a little typo in last night’s email. I was talking about how MBYL was a big winner for us in the past and at the end I accidentally said RIMM was a big winner for us, but I meant to say MBYL. I’ve never sent out an alert on RIMM or anything, little typo…whoopsy. 1000 apologies.

One thing I didn’t fully get into last night was the uniqueness of MBYL’s chart. The interesting thing about it is the ratio of green volume bars to red volume bars. As you probably know, red volume bars means mostly selling took place that day and green bars mean mostly buying. We, of course, want to see buying. Buying usually equals increasing share prices and profits for those who participate.

If you look at pretty much every single chart of any penny company out there, they usually share a common trait. There are usually an equal number of red and green volume bars, or frequently more red than green. That means that there’s a lot of selling going on. Too many red volume bars is a bad sign.

The chart on MBYL is very unique because it has so little selling volume. That means investors are holding their shares in MBYL and accumulating more of them. They aren’t always cashing in their gains. To me that’s a pretty powerful sign that MBYL is a special company that people are really investing in instead of just trying to turn a quick profit on.

Take a look at MBYL’s 1, 3, or 6 month chart and you’ll see what I mean.

Obviously MBYL was an amazing trade for us last time with the 80% gain from the opening price the day after my alert in just 2 days…but it really is quite a strong and charismatic company. Their Blackberry development project is excellent and the fact that they’re now officially aligned with Research in Motion is fantastic. Investors are buying and holding and that’s a good thing for investors and day traders alike.

Hopefully we’ll see more good things, good news, and price gains from MBYL in the near future…

Talk shortly,

PSA – Penny Psycho

www.pennystockalerts.com

Don’t invest based solely on what I say, do your own research and consult with a licensed professional before investing, only invest what you can afford to lose, etc.

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