Daytrading Dec 5 Afternoon, page-140

Hi taughbuffet

I doubt you are day trading this stock, so can only assume your query is a buy/hold ?

If so, I don't think it is anywhere near a low risk buy atm. One thing have noticed of the wide spread down bars (panic run days), their closes have been getting lower. ie the buyers are becoming more faint hearted. Have marked a few which I believe are good examples. the first few had strong closes. These couple then went into a consolidation/testing phase before pushing higher. This may mean nothing but will be of interest to see how large drops react in the future. atm I think its in no mans land, not sure how it will trade but most likely will be choppy and sustained higher prices will be difficult similar to the market as its been doing.