GREY:GRFJF - Post by User
Comment by
gwrbion Feb 19, 2009 8:28pm
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Post# 15791356
Resistance?
Resistance?
I remember last year when it fell through $3.00, it fell hard, and one major contributing factor was that the stock no longer qualified for margin accounts (which took out lots of players). I think also that $3 is a magic number for some institutions as well.
So if it can get back above $3, it will command a higher and broader level of buying interest.