Hard to say really. When it's done it's like a w
Post# of 3844
Posted On: 12/17/2013 7:20:35 PM
Re: umd_scientist #1430
Hard to say really. When it's done it's like a water faucet being turned off. The issue is trading right above the 200SMA on a daily chart (0296 on my platform--StrategyDesk). The 200 continues to trend slightly up. So, I think 03 would be a bottom if the 200 doesn't break. Folks are currently providing bid support a bit at the round number (03). But, it looked like 032 was the sweet spot for close to a million shares today. That could be the spot to sit if you have powder. Hard to say until the action starts though. If a larger account bull long decides to buy, then it may be chase time a bit also. Let the action open in the morning and watch it a bit. See what VFIN/VNDM/BKRT are up to. BKRT usually moves pretty easy. We all know that VNDM/VFIN can be packed with shares. If you start seeing some consistent blocks going off at the ask it may be time to simply tap the ask.
Always wait for the next day to open and gauge the trading in the first 30 minutes or so.
The issue is oversold, but the overriding decision right now is will it hold the 200 or not (daily chart). So far so good on that. We traded about 15M shares last week (I think). Lots of that was from our S-8 buddies. Maybe we're getting near the end. Only 8 1/2 trading days left in the year.
Not really sure if this helps, but at least it gives you something to chew on and react to in the morning.
I think I've underestimated the Goodwill connection with 2TRG. I wasn't paying attention to this tidbit enough. That is a very nice tonnage number for EWSI/2TRG!! Anyone think 5M is a low ball figure on gross revs with 2TRG 2014 besides me?? (LOL)
Always wait for the next day to open and gauge the trading in the first 30 minutes or so.
The issue is oversold, but the overriding decision right now is will it hold the 200 or not (daily chart). So far so good on that. We traded about 15M shares last week (I think). Lots of that was from our S-8 buddies. Maybe we're getting near the end. Only 8 1/2 trading days left in the year.
Not really sure if this helps, but at least it gives you something to chew on and react to in the morning.
I think I've underestimated the Goodwill connection with 2TRG. I wasn't paying attention to this tidbit enough. That is a very nice tonnage number for EWSI/2TRG!! Anyone think 5M is a low ball figure on gross revs with 2TRG 2014 besides me?? (LOL)
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