GREY:CRVNF - Post by User
Comment by
jamieb3on Feb 02, 2006 5:45pm
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Post# 10297842
RE: the chart
RE: the chart My apologies also, I can never resist an opportunity to b!tch. I can only say that it was an ugly day pretty much everywhere. I don't have any big issues with FE edging down from here on a day like this and I'm actually quite happy with the way FE has weathered this terrible season for Nat gas.
What bothers me is this:
Someone sold off 150,000 shares early this session - I don;t know who, I only know that First Energy was buyer and seller, I'm not sure who the client was. That's over half FE's 50 da average volume. From there the stock was sold down - with one sale at an almost unbelievable 9.55 A lot of traders would have simply sold their positions when they saw that 150,000 on the tape - and I'm starting to think my long-time asscoiation with FE getting in the way of clear thinking on this one.
Although I was originally aginst the reverse takeover (I thought Sine did the taking and Lex did the givng, and I was a Lex holder) I like the results the company has delivered to this point. That doesn't mean I like the way the stock is trading about the last month or so. There are people in the stock now who have not been in before. That much is pretty obvious.