cklein

[TimAlerts] $JCP after shorts are finished beating it down, watching for intraday high test at 9.70. Earnings winner...

cklein

[TimAlerts] $GRPN is not your average penny stock also, lots of volume and the float is average. Its a 1.6B market cap unlike small cap penny stocks we are used to trading. be careful treating this as a normal penny small cap low float penny stock

tomgtaylor

@cklein I think we should expect some kind of a drop in $GRPN if the resistance is holding firm.

DKingston
1
DKingston Feb 12, 16 11:57 AM

The more times a line of support is tested the less meaningful it becomes and the more likely a stock is to break down in a sense. The same is true for resistance. The more it holds up near the highs and tests resistance the greater a chance it has of breaking out.

cklein
1
cklein Feb 12, 16 12:41 PM

I agree. The chart has been uptrending all day with higher dips. First day earnings winner on an overall green market is a good thing. I have more patience than others also which I think Im ok riding this thing

tomgtaylor
tomgtaylor Feb 12, 16 2:34 PM

It seems you both are right. It went up another 15 cents.

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