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Message: Gap up tommorrow? it could happen - trading strategy for newbies

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Gap up tommorrow? it could happen - trading strategy for newbies

posted on Nov 05, 07 01:32PM
Might see a gap up tommorrow. 2 reasons 1. TEL was one of the leading percentage gainers in the Uranium stocks category. 2. There was quite good volume today. There will be more people watching on the sidelines to watch the early morning trading to see how the stock will trade. A 3-4 cent gap on open will have the inevitable sell on gap that will take it down to the previous close and then it should start climbing back up.(so 58 cent open... pullback to 53-54(entry point for newbie) and then climb up) If this is the case; I would suspect Anonymous will be the buyer that will turn the stock back up as he waits for the pullback. The typical daytrading and swing-trading that Anonymous is famous for. In a way; it's good for trading volume but in a way also it can slow upward momentum as anonymous trades for a few pennies. Another reason that could change everything. There are rumors about Dines again. If volume is great from the start in an upward direction... it will be a GREAT DAY! All the above is of course posted in my own opinion. Remember to always take some off the table. A Gain is a Gain; no matter how small or large.

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