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China Crescent Enterprises, Inc. Message Board

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  • keep_investing keep_investing Oct 22, 2009 9:49 AM Flag

    PR's and current trading pattern.

    <<Then there is a jump in price on big volume at the open, which is followed by a pullback and then lower to flat trading for the rest of the day. I cannot tell you exactly how many times this has happened over the past 2 months, but I think my earlier guess of "9 times out of ten" is probably not too far off.>>

    Yeah, but today is a little bit different, we got the news, but no rise, so it'll be interesting how this day turns out.

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    • Yeah, it kind of reminds me a little of the trading on July 7 and 8. If you go back and look at those days, you will see that the good PR was actually released on July 7. Volume went up that day as did the price before settling back down to the previous days close. Then on July 8, all hell broke loose. Record volume that day of almost 38M shares and prices rose from $.021 to as high as $.065 (hmmm, that number sounds familiar, but I digress). Not saying we will see an exact duplicate of that trading pattern; just saying it looks a little similar to that.

      We can hope can't we?? LOL