Post by
prouditalian on Aug 27, 2010 10:32am
I'm out at .92
half a few days ago and the rest today. Will buy back in low .80's if we get there. Good luck all.
Comment by
ngobe on Aug 27, 2010 10:48am
I am an investor and so I am not as proficient on technicals as some traders might be. But I believe based on fibonnaci ratios (.618) and the uptrend the next leg up starts around .89-.90. I would not wait for a lower share price.From there we should move up beyond 1.00 (about 1.05-1.07). Please do your DD.
Comment by
hazstock on Aug 27, 2010 11:19am
"the uptrend the next leg up starts around .89-.90" Might wanna check your technicals. 0.618 Fib retracementkalls for a price of 0.84/shr before the next leg up.
Comment by
prouditalian on Aug 27, 2010 11:29am
I am no tech specialist, but it had a nice run and was clearly overbought. Some huge offers were going on screen, 500k, quite a few times and buyers were exhausted. Not going to be easy to break 1.00, which was my target, so sold for a nice gain. Ill be back to trade this again. Still think Severstal will make a buyout offer though between 1.00 and 1.10.
Comment by
hazstock on Aug 27, 2010 1:56pm
"17 x 0.681 = 11.58 or rounded to 12 cents" 17 x 0.382, my friend... A fine technician you'll make...
Comment by
ngobe on Aug 27, 2010 2:21pm
My friend I already told you I am an investor not a trader. But my experience tells me you are off the mark by far. Good Luck
Comment by
missouriminer on Aug 27, 2010 7:13pm
I could"nt have said it better.......In their ARSSSS!!!!!
Comment by
grafikspeak on Aug 27, 2010 11:01pm
Proud... really... what company would add 26M to the bottom line of a company that is almost debt free, and that they are going to take out. Makes no sense. Not to mention the the 35+M bump to the total share cost on which they would have to pay a prem. (.77 pre warrants to .91 today).14 x 250M =35M. I sorry but ... give it up