News Focus
News Focus
Followers 29
Posts 8118
Boards Moderated 0
Alias Born 06/15/2006

Re: kermit42 post# 244

Tuesday, 05/13/2008 10:10:47 PM

Tuesday, May 13, 2008 10:10:47 PM

Post# of 5085
I thought the same at first but this one usually trades a few thousand shares only, a lot of flippers jumped on Monday to find that once momo slowed there was no bid support. You can see the drop Monday afternoon before close. The rest that held on let it go shortly after open today. While i agree the company must be partially at fault (increased A/S on 3/18, issues repetative p/r's), it looks like the traders killed this one before it had a chance. Not to say it'll recover but it should be intersting to see where it goes from here and what volume levels come to.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today