daytrade diaries... tuesday, page-261

e-Mark - don't worry about it. Not sure of your entry price, but it's OLNLY 7 million shares.

I would rather they announce this today than wait for it to hit 20 cents tomorrow and say - "guys, we're doing placements at 11 cents".... It couldn't be done yesterday as the price for GDN was trading in the 10-11 category. It will have so little effect that it's seriously not that damaging... Even if they dump their shares on open (which they would be mad if they did), it would be met with huge buy volume. The total profit on 7 mill shares betweem 11 and 15 is $280K, THEY WILL NOT SELL FOR SUCH A SMALL AMOUNT OF PROFIT!


Rocketrog... I just saw the depth and thought 'stuff it' lets see what happens at 60 - I was there mabe ten seconds and the entire line to 60 was taken out, me included... it was just a fun trade nothing else. I bought back at 53.0 and sold a 54.5.

Later

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