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Wednesday, August 16, 2006

Update - IGT

Here are the details for IGT's price action today. Although I was on the fence about what this one might do, it clearly showed the Cramer Effect drop. With the high institutional holdings but more heavily traded stock I thought maybe the price would hold better. The difference I see between this and TRMP though is that although the price came down off the initial high, it did stay positive all day and didn't go close to even or negative on the day. Also, another prime example where the price did not go above the psychological price of $38 and retreated quickly when it came close to it.

Pre-Market Open: $37.35
Pre-Market High: $37.94
Pre-Market Close: $37.52
Pre-Market Volume: Light
After Hours Last Night Price: $37.84

Regular Hours Open: $37.95
Regular Hours High: $37.95
Time of High: 9:30am
Initial Drop in Price from High: Down $0.40 to $37.55
Time of Initial Drop: 9:38am
Regular Hours Low: $37.35
Time of Low: 11:50am
Closing Price: $37.43, up $0.33 from yesterday's close


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