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Limelight Networks, Inc. Message Board

  • duckislandcove duckislandcove Dec 19, 2011 7:07 PM Flag

    Bouncing off its low

    For all you retail traders....this stock has hits it retracement low of 2.51 in the last week of November ..{ my calculation was 2.54 } and quickly ran back up to the 3.20 area...obviously when you have a lots of money you take your profits in this run up....however, small short trades have pushed this down to the 2.60s level and then some large buy blocks have come in...I do not believe we will test the 2.50 again since most of the buys are coming in now in the 2.60s range...MMs are playing this stock well to shake people out but the smart money is buying into this stock now....I already own and added more since this thing bottomed in the low 2s....Watch what happens to this stock by next Monday....{ going up } ....something is afoot....

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2.11-0.04(-1.86%)Oct 6 4:00 PMEDT