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Italian Food & Beverage Co IFBC
Posted On: 07/10/2012 10:04:13 AM
Post# of 446
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Posted By: Big Tuna
Re: Graydave #99

Yes, and it's unfortunate that whoever bought that high up this morning doesn't have much of an understanding of charts, lol. A gap up like that and the resultant move back down to the real market near .0055, not only cost that investors approx 20% more than he needed to pay, but also made for an ugly butt, solid red candle on the charts. One should almost never buy outside of the upper bollie as the stock price will always comes back within the bollies.



Anyway, we are back to where we should have opened at. My best guess is that the MMs gladly shorted 700k shares out to the buyer at .0063/.0065 and will probably cover that trade in this mid .005 level.














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