ABMD - ABIOMED, Inc. - NASDAQ

[Stretcher75]

http://stockcharts.com/h-sc/ui?s=ABMD&p=D&b=5&g=0&id=p11530901891

Current Price: 5.45

Took a position in this due to it pinching some, the volume is also starting to increase.

[Stretcher75]

Is every stock manipulated by the MM's or just the ones that I buy into. I bought this today and all I see is lots of 100 block trades. I remember buying CNO last week and seeing all those same type trades. A run is possibly near... what is others opinions on this chart?

[Vegas]

The chart looks pretty strong with no resistance in sight...

[Stretcher75]

Volume might double yesterday's volume 

[Stretcher75]

95% of the trades are 100 block trades... this will run tomorrow or Friday IMO

[Stretcher75]

Still being heavily manipulated by those 100 block trades

[softballdaddy]

where do you see resistance points?

[Stretcher75]

The MA20 is at 5.52 then the next are 5.70, 5.93, 6.08 and then MA50 8.63 and MA100 11.70

[softballdaddy]

Thanks, still holding this and FRP

[Stretcher75]

It's accumulating... hardly no volume today but the volume was doubled yesterday... damn mm's

[ShyTrader]

Stretcher, I think we have the same problem with ABMD, I bought in too... (and I sold for a big loss back around 7.00).

Maybe we should avoid buying the same stock?

[Stretcher75]

The last time the stock was at 7.00 was at the end of 2/26/09. I only bought in for the the first time on 3/25/09. I'm not sure what you mean?

[ShyTrader]

Yea, it does not seem that far back... I bought it after the price settled after the bad news, and I should have bailed way before it hit $7.

It stabilized again, so I'm going to hope for a little ride back up and maybe at least recoup 1/2 my losses. I plan to pick a little better "loss strategy" from now on.

[Stretcher75]

Sometimes it's hard to find the bottom... we need to use other indicators to confirm entry points. I feel good about this stock, just needs more volume. It's holding well right now.

[Mark]

Hey, Shytrader... wazzup!!!