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pro_trader

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pro_trader

Re: None

Thursday, 09/18/2008 10:10:34 PM

Thursday, September 18, 2008 10:10:34 PM

Post# of 778
As I suggested in my post last night, GSAE would most likely retest the recent high of $2.95. After opening the day at $2.70, profit takers immediately came in and drove the price down to close at $2.39. Had we actually made a new high and then closed down, I would be more bearish. However, since we have yet to see an actual "bearish key-reversal', I remain constructive on the stock. However, we may very well see some sideways action for a few more days which, given the recent run, would be fine.
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