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I got a strange feeling about MGEN today!!
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[QUOTE]Originally posted by RCAnalyst2007: [QB] It's pretty common practice that when a stock moves up %160 then some of us tend to sell it try to buy it back cheaper.. But I also want to warn you that, if this down trend is a 1 day trend then we might open higher around 0.04's or 0.05's and then move up pretty sharply. Now, if some of you sell it at that higher opening and wait for lower price, you might get cought in a trap. What if we have a %263 move tomorrow which take us right at the 200d average? Is it possible? Why not. We did 163% without news. If we have news tomorrow? Who knows? Let's say, If they're planning to release some news tomorrow, wouldn't it make sense for insiders to collect some shares at a lower price and cause some panic sell so that next day also collect some more shares. All I'm saying instead focusing on YOUR OWN PSYCHOLOGY, focus on COMPANY'S AND MM'S PSYCHOLOGY. [/QB][/QUOTE]
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