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Thursday, May 09, 2013 4:04:50 PM
Only difference today was the look of L2 and volume. If it stays like this, then bounce might actually happen. FANC and VERT never made a move-- never dumped onto the bid. Only retail MM's seemed active, which is confirmed by lower volume (no dumping). If you watched L2 the past few days, FANC was always causing downward pressure and attacking the bid. Today looked very different. That doesn't mean the dump won't continue tomorrow...but if MM's and trading action stays the way it did today, it is a very good sign.
And the chart now looks nifty:
And the chart now looks nifty:
I am not a promoter or professional stock trader. I'm a regular guy who enjoys stock trading to make (or lose) a few dollars. I am only responsible for my own trading foibles, not yours...do your own DD.
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