Here is why: Last 8 minutes: 8 million shares sold on 40 orders. 35 Buys vs, 5 sales. Slight gap up in the morning with the expected slight pullback, then a rise throughout the day in anticpation for the late afternoon PR. Also to be noted at the 8 minute to go point today, the awesome 911 trade went through causing a couple of sales then a mess of buys causing a bounce from 0.0071 to close at 0.0076. A 16.92% gain for the week so far. Today (Thursday) was our lowest volume of the week and we were still green for the day.
RSI is a bit high (73) but last week RSI was above 70 the whole time.
We had 2 red days in a row, so if the chart holds true we should have at least 2 days of green, of course who know what happens if a fantastic (or horrible) PR comes out.
Just my opinions though.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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sbrcow: Where did you hear about a buyout? And when will it happen? Thanks.
Posts: 1128 | From: Houston, TX | Registered: Feb 2006
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-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
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