Tuesday opening range
posted on
Oct 08, 2007 11:27AM
It's too difficult to gauge the sentiment on this stock after the plummet on Friday and the three longs days people have had a chance to think about the stock. I will be sure to have my stops revised, possibly at 1.03.Many will have had a chance to write about and read about the recent events. The stock has been discussed and pumped & dumped on a variety of forums. There will be a lot of emotional buying/selling Tuesday morning as the opening range defines itself. I do not want to wait those first 30 minutes without making sure I have all my bases covered.People that missed an opportunity to get into VMS will take advantage of Fridays low. People that did not anticipate holders taking profit on an oversold stock on Friday will have panicked by now and will most likely selling Tuesday morning. I admit even I was caught off guard on Friday, but thankfully I took some profit twice on Thursday.I am quite prepared to bail out a second time and come back to in at .90 or .91. I fully expect a lot of action Tuesday that will include lows and highs that keep us on the edge of our seats.
