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Registered User
Joined: 8/23/2005
Posts: 7
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One of the 3 stocks I purchased was CAMD. Now Im not sure what has happened but thought I might share this with other board members. In the last half hour the volume has gone whacko and the stock price has hit the 10% mark. I have no idea why but thought perhaps any board members may wanna take a peek before todays close.
The stock was at very low volume today /shrug.
FWIW
John
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Registered User
Joined: 8/23/2005
Posts: 7
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Well .... I just couldnt take the pressure ... hehe. I ended up putting a stop loss @ 8.77 this morning for a 25% gain. Ended up being a 25% gainer for me. My first big hit. Beginners luck Im sure. If it drops back to fill the gap I may re - enter for a longer term play.
Im still in ARBA. Almost bailed again this afternoon. Guess that " I dont wanna be wrong" syndrome is here 8(. One thing that I did find interesting was the fact only 433,000 shares were traded to the bell ..... of which 165,000 of them were in the last 5 minutes. These stats were from an R/T intrady chart I use. ( Im seriuosly considering a Platinum subscription). Anyhow ... for the last few days when it hits 6.88 it has been a wall to break. In about the last 15 minutes when the volume surge began it broke thru 6.88 and the asks couldnt stay ahead. Suddenly it hit 6.96 and whamo .... Holy Crap! ... a 40,000 share road block. ( generally only see up to 5,000 at its heaviest since Ive been watching this).
It tore right into that wall and in seconds I watched that 40 almost completely vanish and suddenly more piled on. It hit 6 in the aftermarket. Not sure what to think. Ah well ....
Good luck tomorrow everyone.
John
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Registered User
Joined: 8/23/2005
Posts: 7
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Well .... ARBA had some attention today. Heavy volume early on and the price ran to 6.45 mid day. I really didnt like how things went at the end of the day. No news to reflect the sudden interest and looking at previous surges this year, it seems to drop rather sharply. I got out with a 5% gain so I consider it a "win" regardless of what happens Monday. I figured if there was any big news coming out today, the big players wouldnt have let it drop 5% from todays high. I would really like to hear how others would have viewed this activity. The sale is done so its not like there is any monetary risk involved by offering any opinions.
Purchased some ADPT yesterday after unloading CAMD. Im not too impressed with todays activity on it. Ah well. Time will tell.
John
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