re: .......i'm in Finished on it's VWAP today of 14.975...
Good news in my opinion.
On the down side however, we have a huge shooting star on the charts, but in my opinion, it might turn out to be misleading.
As expected, we got a sell-off in the face of the 120% re-open price, however the price actually held up well and was even in the process of a recovery and run when the market closed.
In simple terms, in the limeited time available for trading today, we got the equivalent of a mornings trade of a major up day....the rest of which I suspect we should see tomorrow.
Stats for those interested;
Price | Vol | Trades | Av. trade size
14.0 | 2,450,428 | 50 | 49,008
14.5 | 4,550,621 | 76 | 59,876
15.0 | 13,245,545 | 240 | 55,189
15.5 | 3,774,045 | 75 | 50,320
16.0 | 1,615,000 | 40 | 40,375
17.5 | 50,000 | 1 | 50,000
Notice the guy at 17.5c....LOL
Poor bugger, he was obviously trying to get his bid in before trading re-started for the 15c match up...but he was 8 seconds late and as a result, his 17.5c order went went through at 17.5c.
Given the above stats, my guess is for the run to continue...if not at the open...then not long afterwards.
Interesting to see how consitent the average volumes were at each level...no sign of pump and dump as I see it.
Cheers!
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