GREY:AVGCF - Post by User
Post by
littleguy21on Oct 07, 2010 4:33pm
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Post# 17542358
perfect storm
perfect stormI liked what i seen today. Over 6mil traded and only 1 cent off of yesterdays close. Wow i wouldn't say anyone is running away on a bad day. 1 cent above the newest low of .73 at .74. on the this up trend. The spread is right on the marks between the highs and lows each day over the period of this newest trend.
If you trade you would of known yesterday to get out when the 52 week high wasn't broken on this run for the best price to the upper side.
Also i seen the mistake on the stop losses by setting stop above .73 and were taken out at .74 right where i expected the mark to be after working out spreads over a few days.
!0million more shares came to market as of this morning . So here we are having to deal with more shares that need to change hands and get washed out. Not knowing how many of those were in the mix of todays 6mil traded.
Friday before holiday isn't a good indecator of what is to come next week. Only thing i'll be watching is the bottom number at .74 to see if it holds or can be broken before the next leg up.
Littleguy