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Migao Corp MIGGF



GREY:MIGGF - Post by User

Bullboard Posts
Post by glorieuxon Jun 29, 2011 12:03pm
315 Views
Post# 18779565

Good buying pressure

Good buying pressureWe had a wall at $4.50, big iceberg from anonymous and we broke it down but now we have a few new asks from 2 and 62.  If we can finish above $4.50 today, that would be a big technical win and we may see further price increase in the next few days/weeks.  The underlying fundamentals and market uptrend will probably support this.  Migao has stopped buying the last 2 days and only bought 9100 shares last Friday.  I am surprised at that as I would of thought that as long as we were so undervalued, they would of kept buying aggressively.  
Bullboard Posts