Uh, yeah.....about that. It's all been said. The push higher off the open was there today, but the volume was a little slack to sustain the move. Many leading stocks saw sharp moves. A little Chinese stock I bought at 4.68 on Friday saw an 8% move today on better than average volume. GRRF is the call sign for that one. Rising window gap higher on triple digit eps from 8/14. Huge volume that day. Looking at the institutional holdings and they seem to be increasing. Float is tight, and it's at the magical 5$ level that mutual funds can start participating at. Looking for a double from here, but will sell and move on if it reverses. For now it looks to be trending nicely. Which leads me to this Ed Seykota video. You can google him up if you don't know about Ed. He's a trend follower as I try to be.
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This blog is a collection of my analysis derived from many sources. All opinions are for entertainment and educational purposes only. All investment decisions should be cleared with your own investment advisor.
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