AJ,
You are asking the wrong guy. I am usually 180 degrees off on short term moves. I've been over at the daytraders fundamentals thread but I don't think it's rubbing off yet. At least I don't think so. So here goes nuttin':
1. GBLX With no announcement of a pending counter-counter offer: Most likely scenario: Opens up on a gap at 54, intraday moves to near 60, settles at 58. Not quite enough on the upside to start to bust the stops for the shorts.
Less likely:If it gets to 63, Katie bar the doors, it could run to the mid-70s as shorts are forced to dump their positions. What a delicious prospect for us longs. Short interest is about 25% of the float so if volume is huge and price moves fast it could be one hell of a squeeze.
Least likely: Annunziato announces a sweetened offer for USW. GBLX closes the day at 40. Shorts are all running around saying "told you so, told you so".
2. QWST Opens after order imbalance at 10:30AM down 4 1/2. Drifts for most of day and closes day down 3 1/2.
3. FRO Order imbalance, opens at 72, reaches 78 intraday, close at 74
4. USW Opens up 5, up 10 intraday, closes up 7.
5. T Darjeeling for me thanks. Oh, I get it, T time is at 8:00
6. GBT Opens up 10%, moves higher throughout the day, closes 20% higher on arb action. Logic: if GBLX can't get the Western states, it might settle for Mexico.
Follow none of this and you will prosper AJ, guaranteed!
Best, Ry |
