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Re: AmericanSpirit post# 4169

Thursday, 05/17/2012 6:50:42 PM

Thursday, May 17, 2012 6:50:42 PM

Post# of 21289
AmericanSpirit The fat finger trade skews the intraday live charts making them flatten out and more difficult to read. So answer the question yourself. Here's a bit more info

Playing the 6th SNPK bounce over the last two days has been more profitable than GWBU APS current pick. .07 to .11 over 50% gain and bounce looks to have more run left in it.

http://stockcharts.com/h-sc/ui?s=SNPK&p=D&yr=0&mn=2&dy=0&id=p75142277703

GBWU nice how they fat fingered the trade today to flatten out the live charts. Old trick makes it harder to see whats actually happening.
Not to be ignored, the lower high today and lower low with drastically lower volume. Last 3 day volume totals 36, 28,12 million today. Buying pressure is not strong.
2 mins after the close a 993100 share blk went thru a full dime below the close at $1.48.
The best play on GWBU will be the bounces. If it manages to break above $1.65 and run it has a long hard slog to make a double bagger at $3. The chart has no support until .60-.70. can you imagine what it will look like with this at $3 without any retest of support levels first. It's what I call a chart built out of toothpicks. The air will be so lofty and thin at $3 and the bagholders will be swaying back and forth in the breeze. When the swacking comes it will drop to at least $1.09 in a matter of minutes. The bounces should be real good the first one or two could be over 100% depending on how dedicated the bagholders become. Bagholders are a traders best friend.

http://stockcharts.com/h-sc/ui?s=GWBU&p=D&yr=0&mn=2&dy=0&id=p39462316730

Or the stock will correct in the next week then it has a chance at an healthier climb

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