SLXA Update 2

Well, SLXA hit a high of $10.00 and has fallen to as low as $9.71. I didn't try to short at this point since I was rejected earlier due to lack of shares to short, but once again, it came down at least .20 cents and would have been a nice gain.

So, as mentioned in one of my previous posts, this stock seemed to peak around 10:15am and had its drop. Some other picks peak right at 9:30am. If anyone has any insight as to why there might be a difference I would enjoy hearing it. One of my theories is that it depends on the price of the stock. If its under $10 then there will be a lot of demand at the open and drive the price up for longer. Higher price stocks then might peak out nearer to 9:30am since people can't afford as many shares. Just a thought.


Interesting note: This chart looks a lot like the charts for AVNX, MATK, FNSR, and INTX for the price movement in the first few hours of trading.