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Well I missed my moment to take another position. Over a million shares traded
today for ONSL. Way more than usual. The company announced it's public offering
of 2.3 mill about 3:30 eastern time.
The sellers hit the sell button. I had a chance on a quick uptick but was too
busy reading the press release. I wanted to make since of it before I acted. I
also read a comment from someone else that they didn't want to over trade
today. Good idea.
If I can get another position tomorrow I will day trade it, we'll see. My
feeling though there will be a gap down again tomorrow (Friday). But folks
usually try to buy back into it. Who knows.
What a wild ride. Friday will be fun as well.
NYSE nice up/down volume ratio of .123, 8 sellers to 1 buyer on increasing
volume.
Days like these make me feel good because of the NYSE/NASDAQ chart patterns I
ran across.
Better go want to go to the Y to excercise.
Harley Meyer
meyer093@xxxxxxxxxx
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