Originally posted by 952i
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Not at all my entry was 90% technical, I wont get burned/stung since I'll stop myself out if it goes against me.
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Not at all my entry was 90% technical, I wont get burned/stung since I'll stop myself out if it goes against me.
I know some companies react negatively to raises, and some do positively. The pro's were happy to pay up today for CZN and stale retailers were happy to sell. Makes for a good combo.
Someone also put in a bid for $99,000 in the closing auction which was then reduced to $67,500 (executed) as it caused price to move away from the bidder. I wouldnt say this was retailers buying, hence the volume spike at the end in the last 10mins raising price to 1.8close.
All in all looks good technically for a move, and pro's will decide where the price goes. If they pay up heavily so do I.
Keeping the raise in mind, question comes down to how high are they gonna take it before taking profits? Given the buying today I'd assume they are willing to take it higher, all probalistic nothing guaranteed.
Cheers
