kevi ..what are your thoughts on fridays close, page-2

canzman.. many of the stocks on Friday were sold down hard on close.. three reasons for this as I understand..

1) market sentiment weakening,
2) profit taking
and
3) insto's portfolio re balancing (I dont really understand this fully)..

The chart still looks good, though the stock might retest 50c tomorrow.. I would have tight stops at this level, as if it breaks here, then who knows.. IMHO, the confirmation of the dividend confirmation last week will hold up the shareprice and it will continue to rise slowly.

These are just my thoughts of course..

10 DAY 15 MIN chart