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Post# of 90887
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AcousticHockey

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AcousticHockey

Re: beach_trades post# 14026

Friday, 05/27/2011 11:38:22 AM

Friday, May 27, 2011 11:38:22 AM

Post# of 90887
I wanted 11.60 to hold. It had a sharp break below it so that becomes a point of resistance. 11.71 was the intraday resistance but now we have to combat with 11.60. I chalked it up to profit takers early but the bid just continues to get hammered. Someone is stacking the ask for 500,000 shares when it was getting to 11.71, makes me believe a whole new wave of shorts are on board.

Just kind of amazed at how far it dropped with the volume that we had yesterday and the amount of volume that traded over 11.95 (which was a resistance point that turned to support). 3x the normal volume yesterday and now we're about on track for a normal day today. Just kinda weird.

No matter how big or how small...Green is Green :-)

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