G'day Domum,Too much credit gets given to traders influence on...

G'day Domum,

Too much credit gets given to traders influence on price. They jump in only after their TA triggers them to buy.

However the bigger players buy in a stock due to either a sound fundamental announcement or an anticipated announcement. The continued interest in AIM at even these levels indicates that anticipation of positive news is still likely. With so much time passing between ann. this stock should have hardly anyone buying and certainly at a much lower price.

Yet it withstands any selling pressure for so long at these levels, where other stocks would have certainly fallen lower or over.

We can call it accumulation or whatever, but someone is buying and it ain't all traders that's for sure.