Friday, June 26, 2009

DGW Update - Gap Up Reversal / Market Commentary

Well we got a quick gap up that came right back in and DGW is now trading at the low of the day along the same lines as the overall market. Not loving the pullback, but not completely surprised. Standing pat with my stop at 21.65 until further notice. Could see a run into the close if those in charge really want to get this momo started. Update: It did run into the close and then sold off $1 in the last 2 minutes of the day - that sucked.

Other Market Commentary - I will probably be pretty quiet the rest of the day trading as this is pretty whippy action with lower volume (a summer Friday atmosphere).

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