Recap BDYT - Those Who Could Short Great Job! KYUS and GTXO too
I mentioned the other day when RRPH was trading at $2.25 that it reminded me of RRPH and compared the two. I figured if it broke $2.00’s the stock would crater. Well sure enough, it did. It’s unbelievable that it took nearly two years to get where it was at 52 week highs and only 3 days to crumble. Take a look at the chart today.
It’s possible that it bounces off the .50 cent level but the volume isn’t enough to make me interested. I think its basically a dead duck as of now.
GTXO started to head back up again - started to consolidate a bit, if it can break $2.50 it may be worth it for a move towards $3 but until then, I’m not convinced.
KYUS I would expect a move out of the gate to about $4.25-$4.30 fast.. then a dip back if it holds $4 it may be recoverable but if it doesn’t it’all be a short/long battle back to $4 and if they can’t squeeze it over $4 again it’s going to get top heavy fast - so be careful.
May 23rd, 2008 at 11:42 am
[…] would top at $4.25-$4.30, lets see how it does by holding through the lunch hour. You can read that HERE about my thoughts from last night. If this holds through the day it surely will squeeze into […]
May 27th, 2008 at 10:55 am
[…] you didn’t read my previous posts you can do so HERE and HERE (titled you can’t go broke taking a […]