Took a long position today at $2.78. The last couple trading days the volume and buying power has been massive. Normally I would wait for a stock that has run this hard, but if you look at the short term chart, it really wants to make a run a November highs here to possibly close that gap. Clearly new money is rotating to this here. For the least three days, volume has increased as the PPS has made new highs and closed at new highs. 27-Apr-09 High 2.99 Close 2.77 Volume: 7,621,400 24-Apr-09 High 2.40 Close2.18 Volume: 6,167,400 23-Apr-09 High 1.85 Close 1.76 Volume: 2,134,100
I just sold the entire position here at $3.49. I wish I would have caught this a bit earlier, but catching the ride for nearly $1.00 is pretty good.