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Thursday, May 18, 2006 12:36:08 PM
The chart showed that this may happen. Oh well, hindsight 20/20.
Found out that a paid site issued a sell this morning of most of their positions because of the general market sentiment.
I am not a member but have a copy of their post. They have 6,000 subscribers, so no telling how many sheep lined up and chased the bid down at the open.
3stocksonfire.com SOLD At the OPEN TODAY. 6,000 subscribers. This accounts for much of the activity today, imo.
This makes it even more of a buy since these people will now be out of the way.
update IVHG:
This was a tough call but the team has decided to sell IVHG. In this market the pennies are suffering right along with the big caps.. no stock is immune. Volume is still nice on IVHG overall but we believe it needs more to sustain these price levels. IVHG broke its tight consolidation today and volume did not come in to support.
IVHG medium-term technicals remain fine.. and the volume growth does seem to hide an underlying story.. so we will keep an eye on IVHG to develop again.
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Position: bought IVHG @ 0.037 on 05/01/2006
Order: Sell tomorrow
Exit: n/a
Target: n/a
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