My overall portfolio sagged today, but I wanted to mention two of my stocks here. First, Bluefly closed up .03 cents at .46 cents on the PR about the stock split. This is action from investors trying to boost the price a little higher pre-split to make the resulting price higher…probably so they can short it after it tops $5 a share. I don’t care, I’ll have 347 shares after the reverse split.
Next, RUNU as I predicted dropped to .68 cents on just under 70k shares trading. I guess that $1 support level just couldn’t hold against the resistance. Rudy must not be pushing that PR train hard enough yet. I expect some crazy trading in this stock soon…keep an eye on it.
TGIF!
