Go Back   Sports Handicapping Forum > Welcome Forums > Main Street

Main Street Gambling forums, online sportsbooks, players talk, sports talk, offshore betting, poker, off-topic, etc!

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 08-11-2008, 08:30 PM
Registered User
 
Join Date: Aug 2007
Posts: 212
Rewards: 40
Lng

has been beat down since back in april and started to build a base about mid july. had a HUGE day today with lots of volume that took it over its 50 sma may be something to watch for follow through tomorrow if it can get through the 5 dollar mark which might serve as a little resistance.
Reply With Quote
  #2  
Old 08-13-2008, 08:30 PM
Registered User
 
Join Date: Aug 2007
Posts: 212
Rewards: 40
another good day today after some profit taking yesterday. pushed it back over the 50 sma and one more good day will push the MACD over 0 which would be the first time since back in mid nov. might be worth keeping an eye on

Last edited by legion3pm; 08-13-2008 at 08:31 PM.
Reply With Quote
  #3  
Old 08-13-2008, 09:34 PM
Registered User
 
Join Date: May 2007
Location: D' burbs
Posts: 1,493
Rewards: 40
This looks like a short squeeze.
I can't find any significant news that would push this stock up with that force. The company bleeds cash and earnings looked like a lot of nothing, although I didn't look that closely.

Short squeezes are tricky as hell sometimes. They can last days or seconds. If you're in, just be very careful. If you're looking to buy, do it on a limit order. Throwing down a market order just as it's squeezing can get you hit at a much much higher price than you clicked on. Trust me... lol

Usually after the squeeze runs it's course, the price goes back to average. If you see any news I'm missing, let me know.
Reply With Quote
  #4  
Old 08-13-2008, 09:51 PM
Registered User
 
Join Date: Aug 2007
Posts: 212
Rewards: 40
ive not bought any yet im still watching to see what it will do. thought i would post it to see what you all thought about it.
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 12:24 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2012, vBulletin Solutions, Inc.