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Re: dusty7 post# 7897

Wednesday, 08/01/2007 4:38:07 PM

Wednesday, August 01, 2007 4:38:07 PM

Post# of 9101
I think we do hold. The general market wont give you direction. Until Q reports are published, the fate of the stock rests with the those that hold the bigger positions.

I think today we saw what happens when someone decides to puke 400k shares on the open market in an illiquid stock with a small float.

In my opinion the only thing to do at this point is forget the support/resistance, if you still here at this point, wait for the quarterly report and decide if you like where they are going. If not, dump. As far as a stop loss goes, tough call...sell till you can get to sleep I guess.

Say what you want about the Specialist, he picked up a lot of shares today, as did several others. This could of been even more of a disaster.

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