As a user of charts to predict a "turning point",i am constantly amazed as to how "gaps" are usually "Filled",..........PDN has a huge gap at $4.93 to 5.35, have made some cash on this and SMM in the past 2 years and sold all around $9. Any comment from other chartist.........I am Suprised it could get back to this level.Regard to all,
Would you say the same thing about Progen when it was at $6 after it had been $10, and still with a price target of $14. Current price of PGL $3.60.
Would you say the same thing about Progen when it was at $6 after it had been $10, and still with a price target of $14.
Current price of PGL $3.60.
PDN had three very large special trades after the close above today's "last price" of $6.5000
Total volume today was 5,159,074 shares
Today: 03-Aug-2007
Time-AES Price .Volume Value .......Condition Codes
16:26:21 6.5890 90,353 595,335.92 SXXT
16:16:16 6.8420 199,900 1,367,715.80 SPXT
16:16:16 6.8420 199,900 1,367,715.80 SPXT
16:13:43 6.6060 276,000 1,823,256.00 PTXT
16:10:02 6.5000 3,000 19,500.00
16:10:02 6.5000 6,557 42,620.50
Mark,Very interesting Bigdog. Any idea what this means? The numbers are special enough, but in which direction? You have posted it here out of interest, but what significance does it hold (at the end of the week?)
Cheers
e Mark
Mark,
I have started to monitor potential takeover targets and look for sustained large special individual sales that are over a million $ after the close which includes PDN.
PDN special sales have been quite for the past two months except for special sales were on July 26 (2,056,000 shares) and yesterdays volume which totaled only 676,000 shares.
Will keep checking next week!
From at garyrm1983 at HC - "(They are) call and put options that you may hold they are exercised after close or before open. There has been significantly more of these "trades" in the past 2 weeks due to the stock market correction. Generally people buy and sell options and warrents without actually exercising them. But given the warning in June/July about the correcttion people bought them for protection more than anything else. now they are exercising them"I am not sure I fully understand what you mean here. If they are special sell order of a stock like PDN I would not take it as a sign of potential takeover target as if someone is getting ride off there stocks it is not because they think the stock they are dumping will be the target of a takeover. What am missing here ?
Thanks Kauri. Starting to look a little bit more realistic to me too, but oooooo, there's some panicky punters out there.A tad early yet for me to get excited but it looks like ( with todays price action) to be near where I would expect the W(2)..(C) to complete. Will put it on my watchlist for now and see how she develops.
Kennas, Kauri. I dont think $5.40-50 will be that far off, as on the weekly this level is an important level of support for two reasons. First the fact that previous resistance was found at this level last year, and this level is also the 50% retracement from the start of this huge leg up all the way back in 2004. I am champing at the bit to get into this one, watching closely for any sign of a reversal (say double bottom etc). Has to be very cheap at these levels, surely.
Thanks Gundini, you are absolutley right, this is crazy!!!! Aaaaagggghhhh!!!! LOLDoesn't seem like you Kennas trying to catch a falling knife!!!
I wish you all the best although I'll wait for $5.33 myself...
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