Posted On: 06/29/2014 7:58:33 PM
Post# of 2561
$SSBN Daily Chart ~ Time Running Out?
Added a few more SSBN this week. The sub .80s are almost impossible to get now. The sub .90s becoming harder also with the exception of a few hundred shares here and there. The MACDs are beginning to show a change in momentum but SSBN is still not a chart play other than using the lower portion of the trading channel as an entry. Unless I'm hitting the ask, the sellers hitting my orders at the bid are beginning to get very stingy in throwing away shares. If one is looking to build a position of 25,000 to 50,000 shares, my guess is that you'll have to step it up quickly and probably raise your limits to at least 1.20. News is anticipated any day after months of relative silence. I'll post a weekly chart next for those looking at the longer term picture. GLTA
Added a few more SSBN this week. The sub .80s are almost impossible to get now. The sub .90s becoming harder also with the exception of a few hundred shares here and there. The MACDs are beginning to show a change in momentum but SSBN is still not a chart play other than using the lower portion of the trading channel as an entry. Unless I'm hitting the ask, the sellers hitting my orders at the bid are beginning to get very stingy in throwing away shares. If one is looking to build a position of 25,000 to 50,000 shares, my guess is that you'll have to step it up quickly and probably raise your limits to at least 1.20. News is anticipated any day after months of relative silence. I'll post a weekly chart next for those looking at the longer term picture. GLTA
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