My friend IT, (GENE), is going to do what it wants to do without any consideration as to how you and I trade it. I should not have put those historical quotes in that post. Evidently you went straight to those quotes without looking at the daily short volume percentages of total shares traded and ignored what the technical analysis is telling us altogether.
That's ok, Go with what your gut tells you. I hope that your gut is more intuitive than mine because my gut is a dumbA$$ when it comes to predicting stock movement. I have to look elsewhere when it comes to stock trades.
I think that you will cover within a week or less and I don't believe that it will be at 2.50. If you traded this on margin. I think that you will be forced to cover because margin calls are do a lot of damage to an account.
There are much better short candidates out there.
Genetic Technologies Ltd is not one them and the short to long volume percentages are telling you that it is not a short candidate
Recent CandleStick Analysis for Genetic Technologies Ltd (GENE)
Very Bullish
Date Candle
Feb-03-2015 Bullish Engulfing
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