reduced volume today 3rd day of a uptrend cycle. as i stated yesterday expected the volume
to drop again by half as it dropped 50% from day one to day two
so most been around know on a pure spec momentum
vs substantial milestone news...a stock will rally once in motion
for 3 days. the day of news. the following day and typically
base after its sell off the morning of the third days trading.
LTX traded near on que. Think there is something to the
story tho so I kept a much smaller position behind
after letting 80,000 of a 100K position at .03 go
at a .08 sell point. Something I practise on all spec positions
getting own money out early. that it happened just 2 days
hold on this one was an anomoly vs rule.
This much churn and volume in play typically indicates
position trading ahead of expectant news pending.
Typically...but not always...but typically more than not
if trading pure on spec then fundementals.
Take what you can when you can to get your own money
out by selling half on any double...be it here...be it
more established small caps with less spec or CN Rail
or GE...is the only way I know how to totally derisk
from a play...and still be exposed out of harms way
to the potential upside yet fully removed from any
unforseen out of left field down side.
Time will tell. Goodluck all.