Imminent Correction or Just a Brief Pause
Regardless, it looks like today's dip is on low volume. It would be interesting to see if we could get a high volume reversal or bounce at this level. Despite the overall negativity with the job report, there are several stocks displaying strength
Tough Stocks: ADLR, ANX, GENE, JVA, LNKD, PCYC, SODA, XPO
Day Trades: CRVP (based off JVA momentum)
Long Term Trades: LNKD (high short interest/low float/popular)
Interesting Stocks: JVA (low float, abnormal vol and price action/hot sector), SODA (high short interest/low float/"in" product)
posted by Nick M. @ 11:25 AM
4 Comments:
Hey Nick,
What do you think is up with GENE?
Any information?
The chart looked great to me before the halt.
Thanks
hey vh,
I wish I knew. There is a lot of speculation regarding the halt. I've heard that it may be a buyout or share dilution via capital raise. In any case, find it bizarre that it has been halted for so many days. I heard that it may begin to resume trading again either on Wednesday or Thursday. I actually had bought a small position in it so I am anxious to see what happens.
I guess the news was bad...30% down...
But I still think GENE will be a success...
Any thoughts?
it is possible that it can be successful, but what is the point in holding a stock that can be halted at any moment? Even worse, how can the stock itself ever be successful when the company's own management can halt it at any time for 2 weeks? Its a lose-lose situation.
For me it was an unfortunate loss and one that doesn't even seem fair at that. I would have to think twice about buying that stock again.
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