based on 21,300 shares volume, down significantly from it's everyday average volume of 102,727 shares. Of today's volume,
12,000 shares traded on the bid
5,000 shares traded in the middle
4,000 shares traded on the offer and the average price ELBO shares traded at today was $ 16.01. There were 43 trades that averaged 495 shares per trade. ELBO shares closed down 5/8 at 15 7/8. The closing quote was 15 15/16 bid for 200 shares offered at 16 for 1600 shares.
ELBO continues to be locked into this very narrow trading range, but it appears to have found great support in the high 14's to low 15's. If it can maintain that support, the next launch at the 17's may be just enough to push it over the top.
Have a great day to all on Tuesday.
I continue to look for the "former" supporter who frequented this board every day and constantly found fault with my posts. I refer to natr19. Is he still a long? Or did he too decide to "take a hike" and go on to another investment opportunity. One of his posts of just a few weeks ago chastized me and others for listening to my idea of making an investment in ZRAN (Zoran Corp) in the mid to low 10's. With Circuit City discontinuing their competitive item to DVD's, ZRAN has moved up dramatically to the mid 15's and all in just two weeks. So much for natr19's warning for all of those on this board not to pay attention to my suggestions.