Wednesday, November 23, 2011

LOGL +119% In Early Afternoon Trade

LOGL is making many traders very happy today before they dig into their Thanksgiving Turkey tomorrow. LOGL was down from over $2.00 a share the last two days to under $.60 after a short seller talked down the stock.

Today the stock rebounded smartly, up well over 100%. I alerted this in my chat room before the open and also on my twitter account at $.60. Currently it is trading at $1.35 a share $.04 off its highs.

I don't care if this rally has more legs, I think the big money was made this morning at the lows and on the way up. Profit takers could take the stock back down, so I don't think right now is the time to be jumping aboard. It turned out to be one heck of a bounce and a great way to start the holiday season.

1 comment:

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