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Re: doebop post# 5943

Wednesday, 12/16/2009 4:19:39 PM

Wednesday, December 16, 2009 4:19:39 PM

Post# of 22569
Yes, indeed. Yesterday's buying was far larger than today's selling. Had there been panic on the part of yesterday's big buyers, GRBG would have tanked very hard. But that didn't happen.

I still think we might perhaps see a bit more downside to the 200-day MA. But I say we close up tomorrow with a huge move.

This time around, however, I bought a much smaller position. Playing the continuation move is always riskier than playing the initial pop. I might add a bit more if we do drop tomorrow AM.

Wadi