UNITE Group

By Stuart on October 17, 2008 11:16 AM | | Comments (0) | TrackBacks (0)
Unite Group - price gapped up overnight beyond my price level to mid 180's.  Those gains have now been retraced and price back to my buy level.  However sell pressure in queue.  Watch.  Share continues to be sold off back it seems to its levels of yesterday which had been high 150's to low 160's.  So it seems the gap has been taken where I lost my PR opportunity and now it is be reversed.  Will not buy but continue to watch for learning.

In last hour would have made the PR and did note the opportunity however would not have made because of not likely to recover within the remaining time - as it happens it did but only just.  I could have bought it with the idea of holding it to early next week as space for this open position.  To think further about situations like this.

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