GREY:MDCGF - Post by User
Comment by
heckler73on Aug 20, 2009 12:22pm
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Post# 16234557
RE: Stalled
RE: StalledIf you look back at the last 3-day spike to $0.60
You'll see it took the market 2 sessions to respond to the news about MDG's deal with FRANCE...
Right now, I am seeing ANONYMOUS doing a lot of block sells...
Coupled with the news from fairchij, I imagine it will take a couple sessions for this to start moving up with any force (unless some institutions with deep pockets jump in...)
As well, Friday the 21st is Options expiry day, so we might see some strange selling/dumping across the board...
BUT, the day isn't over yet (it's 12:21 as I write this)
It's quite possible the momentum will start kicking in during the last hour of trading today...