youngsalmon14 Oct 2009 22:52
There was lots of profit taking today.
At one point level 2 was ALL sellers, absolutely loads took profit around 26-28p and I mean loads.
But every time it re-traced the shares were gobbled up and as the day went on each re-trace was smaller and the share found huge support in the 25-26p range.
So the day traders who wanted to take profit, did so today, everyone else decided to hold so profit taking will be no worse than today or less.
I suspect tomorrow it will see new peaks and will find higher support levels, but if your in from 14p then dont be greedy, at least topslice or just sell the lot and then hope for a dip Friday afternoon and buy back in on a dip.