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NorthStar Realty Finance Corp. Message Board

  • dar200 dar200 Feb 27, 2013 1:38 PM Flag

    Here's a dip

    Off 15 cents from a new 52-week high is a little bargain for those looking to add.

    A new 52-week high finds new sellers who were not willing to sell lower. The sellers wait for the buyers to stop bidding up (8.78), then unload in unison, leapfrogging the ask down to chase a falling bid. Then the sellers stop chasing and the buyers start up again.

    The above scene has played out over and over again since the December offering. The momo is buying interrupted by new sellers as new highs are made.

    Off 15 cents just before I type this. I expect we'll end the day around 8.70. I'm almost tempted to a baby flip, but already have a few dinners in the bank.

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NRF
18.81-0.16(-0.84%)Jan 28 4:04 PMEST

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