Friday, October 9, 2009

Canadian Stock Alerts - October 9, 2009

Canadian Stock Alerts Update:

FALCON OIL & GAS - FO.V @ $ .18 on 2.2 million shares traded

Falcon came down hard yesterday .... in fact it may have been oversold as the share price was cut by more than half. It traded 15 million shares yesterday and now 2.2 million shares before 10:00am this morning. It's still hard to tell what direction we're headed even watching Level II.

Knowing what we know about the "psychological price point threshold", in this instance it's .19 .. it appears that it could move very strongly if and when it gets to the .225 level. Keep an eye ..

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