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Re: Opti Mist post# 138

Thursday, 06/16/2011 4:08:15 PM

Thursday, June 16, 2011 4:08:15 PM

Post# of 147
Same here. It's a flipper's paradise! I doubt it will go below 12.30 again while still bullish though.

When the price jumped from 12.06 to 14 on the 3rd, over 60% of the price increase took place during regular trading hours. But when the price jumped from 12.19 to 13.40 on 14th, over 70% of the price increase took place pre-market.

Everybody who got in on the 3rd did so because they thought the price was just going to keep skyrocketing, then when it didn't they all jumped ship. However, those who got in on the 15th did so because of the stability of intraday trading on the 14th. IMO today's pullback was just a test of the new base level, and the price will be clearing the 13.30 mark by the middle of next week.

Good luck all!