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Tuesday, July 17, 2012 10:12:56 AM
EEDG - Hi Paul, then that proves what I was explaining. If you bought it on the BID, someone had to sell it to you, the MMs then take the stock down to the next level.
If you were buying on the ASK, then the MMs showed it as a sell to drop the price in order to create panic selling. They will shake shares lose. The down side is we go down a little.
The upside is I get more shares cheaper.
I again am not looking at this as a day trade. And again I am thinking news tomorrow or the next day. When that comes out we will IMHO hit .19 to .20 then drop to our new base of .15.
After that it is all uphill from there. And I think we will break .26 the following week. All IMHO of course.
GLTA
If you were buying on the ASK, then the MMs showed it as a sell to drop the price in order to create panic selling. They will shake shares lose. The down side is we go down a little.
The upside is I get more shares cheaper.
I again am not looking at this as a day trade. And again I am thinking news tomorrow or the next day. When that comes out we will IMHO hit .19 to .20 then drop to our new base of .15.
After that it is all uphill from there. And I think we will break .26 the following week. All IMHO of course.
GLTA
All statements made are my opinion only.
You should always do your own Due Diligence.
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