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19,589 Posts.
272
09/09/09
10:38
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The placement is at $1.35. Todays price $1.06
My suspect seller is Citigroup Global.
This selling also kicked in when we spiked to $1.13 prior to the halt.
I sold on that spike at $1.12 & $1.13 and rebought half on yesterdays open and will add the more at around $1.03.
Buy the dips, sell the rally with this one.
BUT the next rally may keep going up to that $1.35 zone.
Why buy when there is a willing seller coming down in price.
Need to get this overhang out of the way first.
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