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Message: kmk

Re: kmk

in response to by
posted on Oct 29, 2009 01:11PM

Yes I hold and I considered that myself...but thought I may feel bad if they kicked in a bid for the co. and i had just sold but that's my thougt...as far as the supports....let's use an example of tko....will it retest the breakout.....if so then 1.30 area....if spec. buyers keep it afloat then there are sevearal ares that may hold......1.50,1.45,1.40,1.34...it's an os correction and buyers will step in to buy the stock for a hold instead of the trade just because a bid could be just around the corner....current res. 1.70...i definately see why you made the trade so if 1.50-1.52 falls i'd eye that gap on the 60 min. for support/fill/failure just below your 1.40. Don't think there will be much selling pressure as far as vol. to the downside..just a walkdown to aleviate os condition but a shake like tko isn't out of the question in this market.

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