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I got a strange feeling about MGEN today!!
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[QUOTE]Originally posted by Johnwayne: [QB] MM's psychology never seems to change... they want cheap shares. I agree it is common practice to sell at 163%, damn I love that sound, but I have sat through a sell off day when I couldn't sell and have been playing footsy with the idea of staying in and hoping for a run to .05, then take profits and hope it pops up to .07 before the day is out. I believe if they were planning on releasing news tomorrow we would have seen a bigger EOD run. And why release good news on a Friday? Can we go up 263% tomorrow, sure it's possible. Is it likely? I don't know if it's more likely than a sell off, especially on a Friday. Right now I am leaning towards hedging my bets and taking profit at open, unless I sense a gap up, but why would a gap be coming? Volume was down today, we did not close at HOD. I do not anticipate news. There are some positive's: RSI level 2 thin 1st resistence at .0529 that are begging me to stay in but I think I'm out come open. [/QB][/QUOTE]
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