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Newpark Resources Inc. Message Board

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  • Highlowsel Highlowsel Oct 29, 2010 2:33 PM Flag

    Minyanville Sums it up..

    Thanks...bailed on my trade at just about $6 for roughly 25pennies of gain....the bid is being wagged all over the place, with a sizable spread, too....since ~$6.10 the players have been stacking the ask and wacking the bid....with the bid now weakening at $5.90 it's (again) looking oversold....so looking to re-enter...

    Errp...and as I wrote this the bid dropped to $5.85....this is just the sort of "normal" behavior you can expect of an equity after the sort of news NR plopped out today...

    Going back in at $5.85 as ARCX just showed up on $5.84 showing over 29K.....could be the line....then again...it could be a bluff...let's see how it plays...

 
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