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Tuesday, August 08, 2006

Update - GYMB

GYMB traded lightly in the pre-market with only 2 trades at $31.80 and $31.81 right before the open after trading at $31.99 last night. The stock then opened at $31.88 and saw an early low of $31.62 and then was very up and down after that. There was a late day high of $32.35 with the low of the day afterwards of $31.25. The stock closed down 8-cents on the day. So even though the stock did end down and could have been a good short there was pretty good strength in the stock for the better part of the day, which I attribute to the large institutional holding in the stock.

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