Symbol Last Trade Date Change Open High Low Volume LOOK 4.21 Jul-14-2003 0.86 3.74 4.34 3.65 15,453,000 Note: Canadian symbols now end in .c i.e SYMB.C Overall
Are you suggesting if LOOK is down in premarket it can stil go higher?
I assume that is what you are suggesting.
If it is....i think the other way..........LOOK needs strong direction pre market and at the open to show the way.
But as we are in totally uncharted waters.......i think anyone who suggests with any conviction one way or the other is kidding themsleves.
LOOK is now subject to takeover talk.........the heat was not evident here today on the ASX but that does not suprise me as many would not have a clue why LOOK rose last night...........save for a few like here and elsewhere.
I think this has some way to go before it becomes transparent to the "punters" as to what is happening in this sector.
I would simply say volume and unusual trading might be the only clue.
I bought yesterday at the close simply on the basis of the odd buying.
The same occurred today........large buying pre market and yet LOK never got near the pre market price here......but the big boys wanted in at any cost.
So volume and unusual trading is key......some big sales went through last night well into the $4 range.
Inso activity in the US was at best muted.........around 16%
A very small amount on such a big move..............will they neter today is the question?
Watch for them to appear if they feel LOOK has legs here.
IMHO
A point worth noting.......SAFA has not release his Silk Road this week yet.
He might be searching for clues as well because last week on his report there was NO hint from him re OVER.
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