Wednesday, September 2, 2009

Canadian Stock Alerts - September 2, 2009

Canadian Stock Alerts Update:

PRESTIGE TELECOM INC - PR.V @ .255 on 2.8 million shares traded

PR opened at .25 this morning, up 25% from yesterday's close. It did so on strong volume. The volume did actually take PR to as high as .30 this morning. It has now pulled back. Watch closely to see if it tries to retest the high and always keep in mind the "psychological price point threshold" that I talk about so much, in this case it would be .29 .. If you have Level II you can see if there is a lot of selling lined up at .29 ... as I write this, there are 200,000 shares for sale at .29 ..

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