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Wednesday, July 28, 2010 2:27:07 PM
Fellow Longs, there is a reason why our favorite
turd burglar - aka. Mr. 3:55pm Dumper - does his
thing at that time.
....the closing price is the MOST IMPORTANT price
during the trading day (IMO) because whoever controls it
gets to affect the kind of candle we see on our beloved daily chart.
Should we close under our open of $0.135 today then
there will be a RED (-)candle for the day. Should we
close above 0.135 then it is WHITE (+) for the day.
Why does this matter? Good question grasshoppers....It matters because all day long, nothing happens except at the end.
(Sarcastically) I should write a letter to the
SEC & Ken Stead asking that trading of KATX shares only
take place between:
9:30am ~10am & 3:30~4pm.
The rest of the day all trading of this stock will not occur.
Longs with firepower, do your thing around 3:50pm or later.
And CATCH THE LOW OF THE DAY for uncle Bardamus.
...until the Market mixes it up - this is how I see it.
Just my 0.02
GLTA
Bardamus
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