Saturday, September 24, 2016 5:07:03 AM
A week before that on Sept 12th it opened at $0.96....so a close of $1.42 this past Friday isn't too shabby.
That's a one week return of 23.5% and a two week return of 47.9%
And if you look at the volumes on the + days versus the volume on the - days you'll obviously notice a huge difference. Will the buyers storm back in next week? No way to know....maybe they're done, maybe they'll be back.
I'm betting they'll be back at some point...but another few days of light volume wouldn't shock me.
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
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