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HGS

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Alias Born 12/20/2009

HGS

Re: None

Tuesday, 06/15/2010 6:11:35 AM

Tuesday, June 15, 2010 6:11:35 AM

Post# of 5334
The gap higher in KNDR could signal an end to its recent downtrend. Last week the stock was holding support around $0.015. On Friday, it opened at that price and managed to close at its high of $0.02. That price action must have attracted some investors because the stock opened at $0.03 on Monday. Investors then used the higher open to take some profits. That selling pressure caused the stock to drop below $0.02 but investors jumped at the discounted prices and drove the stock back up. I think people could see another strong open today and I would not be surprised if people started seeing buyers push the price back to $0.04 or even $0.05 in the mid-term.