(TGC) Why We Take Advantage of a Huge Spike
Thursday, July 3rd, 2008TGC completed its correction today in my opinion with a sell of to $2.00!! This is why we watch these high flying stocks, because whether or not this is going to $5, $10 or $20 long term in order for it to have a healthy move there it needs to pull back after each large move to the upside. All we are doing is taking advantage of that. I’d watch for the sell of some more this afternoon and it may end up proving to be a great bounce. I’d watch for consolidation/support around $2.15-2.20. If it stays below it I’d be cautious and watch for any major sell offs to create a “bounce” position.



