Canadian Stock Alerts Update:
PHARMAGAP INC - GAP.V @ .30 on 1 million shares traded
GAP has been pretty frothy the past few days. It has already doubled, so there are lots of traders here. But no one wants to buy any stock at the high. Previous close was .255 and it opened at .275 this morning and then flew to .33 on a million shares traded by 10:40am. Impressive I agree, but WOW, a double already, have to really look for the pullback & right now it's at that "psychological price point threshold". Does it stall and pullback or push forward with confidence?
Personally I'll wait for a pullback to mid 20's or a solid push into the 30's before doing anything.
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Monday, July 27, 2009
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