RE: Media Scan... and fellow EFGerskrazy, you are correct. The chart did crap out today toward the close. Before that I was still in the camp that it would break through that .34, but any attempt to break through was quickly punished by large selling...and not only from TD and Anon.
It was not a sell because of tax loss because in my humble opinion, most have this in that 200ma range so it did not make for a great tax loss scenerio.
So my question is....why such continuous selling pressure after every positive news release?
That I am guessing will be revealed in some form or another over the next few weeks.
So with the stock breaking and holding below that .31, I cannot call this a buy situation anymore and the safer bet would be to see if it can actually break through that .34 and hold.
Happy Trading all,
Mediascan