free counter statistics

Friday, August 11, 2006

Update - TRMP

TRMP opened in the pre-market at $18.00 even but didn't break it and the stock drifted lower in the pre-market going to $17.70 and down as low as $17.54. The stock then opened at $17.81 and again fell on a steady decline to an initial low of $17.19 at 10:01am on its steepest decline and later hit a low for the day of $17.07. The stock then rebounded a bit in the afternoon going as high as $17.51. I see this as a good example of the Cramer effect drop and how after that drop is over the market generally takes over and makes it hard to predict where the stock might go.


Comments on "Update - TRMP"

 

post a comment