Dave...Currently, I plan on playing with 25% and holding 75% long. I will have to see what happens Monday, but I think it will be VERY hard to actaully buy shares back after one sells them. With JF huntin' wabbits (daytraders), I would not want to be caught at the end of the day with less shares than I started with. I think AH PR's are a distinct possiblity ...again
How true Ds..I have my own set of opinions on how GZ will trade Monday and also have a trade plan in place but am reluctant to openly express.I seem to have attracted a lot of folks that may base their trading more on what I say than on DD and in the trenches knowledge of what to expect.I will say this..a gap up to open at .011-.012 would be very large considering a previous close of .0084 but in the realm of probability.Also adding fuel to the fire I expect Monday to be a tall white candle with close at or near days high.If this occurs there may well be a gap up again on Tuesday but this one would likely be a selling day on profit taking since most longs are in with all their liquidity and cannot support and short term players will be taking profits after yet another gap up.Retrace if I call this right IMO will only be back as far as the last resistance level that it has blown away and I cannot say what that is.After this action I expect a trend reversal toward uptrending until such time as would be warranted by a very negative PR....ALL JMO of course...Simple
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