RE: RE: Game changerI wouldn't worry about it too much. The low volume shows that there isn't much interest in selling at these prices. I have had low ball bids in just above support levels, and they are just not being hit...but that is a good sign. There was a nice bit of news, but the charts were toppy and they needed to settle for a while. As I said in a previous post, the stock needs to churn in this area for a week or so to make the charts attractive once again. Well, they are starting to get attractive and will allow the stock to move higher on the next leg.
I also stand corrected that the stock did attempt .45 for a third time. I missed that and would have sold my position if I had have realized that because that is a very strong indicator that the stock will then want to test the support levels of which .35 is very strong support.
My average is down into the mid-twenties because of the trades I have done, so right now, I am only wishing to add to my position if the stock comes down to me. If not, no problem as I am well positioned at this time.
I am still trading stocks like ntr, bhv, cuu, etc..but like the near term prospects of efg the most and will keep a core position because I expect to see some significant movement as we approach November.
Happy Trading all,
Mediascan