Kevin, did you catch Icge trading today? All morning/early afternoon it was fading the trend and holding up nice. Around 2:30 Mlco got on the offer and brought it down. I couldnt believe my eyes, he sat on the offer and unloaded for over an hour, from around 34 1/4 to way under 33 by eod. I watched traders who didn't understand what was happening just buy and buy. (not that I'm any L2 expert, this was pretty obvious) Couldn't figure out his motives for sure, was he short and covering? Was he bringing the stock down to fill an order? Guess he could of been using another ecn. Just was amazing to see momementum stopped in its tracks like that. Real curious to see how it trades in the a.m.
Hope your doing well, holding Bvsn (from days ago, didn't sell any yesterday during that run, pretty dumb. Not worried about this one tho')& Cnct (thanks to Kevin M). Got stopped outta Isld this morning for a loss (only to watch it turn and come back... ouch) Taking small steps foward, but feel like I'm churning too much cash for such small gains.
That 50dma on the Naz seems to be our support, havn't had a close below since that gap up. Looking foward to good numbers tomorrow and then some consecutive up days. I'm going down to Rio end of July for three weeks so I want to sock away some cash before I go (I'll be flat when I leave)
Take care,
Mike |
