Ben: As you know, Doug is really the person to ask that question of. Try to log online before going to work tommorow, and read Doug's updated TA. He usually starts posting around 1:30 Am EST.
You did ask for my gut feeling though, so I will tell you what the gut says. Just remember, Doug's word is the word to really listen to here.
Gut says, if the Bid break's though 1 25/32, which I feel it has a very good chance of doing, we should close very close to 1 30/32.
If the BID can not break 1 25/32, we will probably close very close to 1 25/32.
Either way, its a gain from todays close. One being better then the other but both being a decend gain for a stock of this price.
There is also a strong possablity that the stock will take off, starting apx. a half hour after the open and make a run for $2.00.
Why a half hour after the open you ask? The first half hour will have strong buying, but there could be some profit taking as well. After that first half hour of trading, the profit takers will be mostly OUT and the BUYERS will RULE the stock to the next level.
In a nut shell, Tuesdays close will be between 1 25/32 on the low end and $2.00, maybe a touch more, on the high end.
Interday Trading, for the Day Traders could add an additional 2 or 3 /32 to the gain.
Not too shabby I would say!!!
Once again, check with Doug's TA late tonight or early Tuesday AM. He is the TA person par excellance.
Have a great week Ben!!
IN |
