Down big today on news. Any general rule of thumb on a
bounce here? Just trying to decide if there is a decent
bounce play or not. Happy Thanksgiving everyone.
DMND has been under pressure due to possible accounting
irregularities and the news of one of their directors committing
suicide sure didn't help the stock today.
Posted by lessarda on 23rd of Nov 2011 at 03:36 pm
but once you get accounting fraud allegations, forget about it.
As I mentioned yesterday, it was #1 on short interest to float, so
the shorts got it right in a big way. I'll still watch for intraday
squeeze possibilities, but zero's as good a number as 28 if that
director's action is any indication.
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DMND
Posted by 1carnut on 23rd of Nov 2011 at 03:23 pm
Down big today on news. Any general rule of thumb on a bounce here? Just trying to decide if there is a decent bounce play or not. Happy Thanksgiving everyone.
DMND has been under pressure
Posted by steve on 23rd of Nov 2011 at 03:25 pm
DMND has been under pressure due to possible accounting irregularities and the news of one of their directors committing suicide sure didn't help the stock today.
On the long term chart, the 28-30 range should have buyers,
Posted by lessarda on 23rd of Nov 2011 at 03:36 pm
but once you get accounting fraud allegations, forget about it. As I mentioned yesterday, it was #1 on short interest to float, so the shorts got it right in a big way. I'll still watch for intraday squeeze possibilities, but zero's as good a number as 28 if that director's action is any indication.