every counter if got seller definetely ,company need to buy back. If they feel, too many sellers ,then just push down the share.Why are they pushing the share up almost 6 wks now !!
Long overdue correction after a bull run. Key supports at 2.44 and 2.32. Just the past few trading days was a Three Black Crows signal. Let's see today's candle.
Well if you really want to be loose about your definition of "support", there's another one on the meeting line of the 17/10/2013 inverse hammer candle at 2.38. Either way we should wait for a reversal if any to reenter. I tried to do a trade on the dip but forgot the Black Crows. Will have to CL for now.
not at all but a drop will signify a loss in profits no matter what price you bought....falling knife sceanario....traders will cut loss....8 cents to support...unbelievable?
Phyroxus, it's warrant conversion. There are 510k increase in outstanding share for the last 3 days. It will dilute the mother price. The less outstanding share in the market, the volatility is higher.
You can check back my posts on outstanding shares %.
In fact, it's better you learn to calculate EPS, PE, OCF and its relations with outstanding shares.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
phyroxus
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Posted by phyroxus > 2013-10-23 09:54 | Report Abuse
no more share buyback this week