IMGG which we mentioned yesterday is ripe for a bounce play today. Traders that are active playing these bounces are watching this one closely.
GVBP which ran like a scalded dog the last few days had its big correction yesterday, going from a high of $1.18 down to a low of .46. One trader asked me where the bounce would occur two days ago and I told him .38 -.45. It didn’t quite go that low but there is little chance of getting the very bottom anyhow.
Bounce players are watching MHTX and PTSC…
No matter how great the news or how great the “story” they will always have a pullback… And, the higher they go, the further they will fall.
Disclosure: No Position in any of these stocks.
