Well that was a blast. I've only skimmed over it so far, but that was the biffest volume day for ACR ever I think, 4.6mil shares changed hands, over 3 mil of that at close.
I had an order at 3.45, was taken and then at one stage at close it looked like we were going to end at 3.11, 15% down with some massive low sell orders. But then the cavalry, one buy order for 1.8 mill and another for 600k banged the closing price back into the 50's before settling.
Although this candle will not look great, the big money brought us back from the brink and closed us in the uptrend. That action just before close would have blown some stops I think. I'm in, I'm nervous but somebody with a lot of money wanted this to hold the line. Mondays action will be vital, I will not let it get far before bailing if necessary.....but it could also be the start of a beautiful ride back to 3.90.
I'll post a chart later. Any better chartists than me (ie most of you) reading this, let me know what your thoughts on this are.
ACR Price at posting:
$3.48 Sentiment: Hold Disclosure: Held
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