clh losing steam - trade the range Collection House losing steam...

clh losing steam - trade the range Collection House losing steam today.. As some others are, I also am trading the range. Having doubled my bet at 1.66 the other day I made a nice 12-13c.

It has lost momentum for the time being, and based on recent trading patterns it may slip lower..

According to my broker, nearly all those buyers at 1.75 are ComSec buyers or (Buyer).

This support level may not hold up as they can sit their all day sometimes and when they are about to get hit they dissapear.

Personally I think it may drop off a bit.. I am waiting to see what happens with the support level at 1.75 before buying again.

Apparently Bell Potter are still offloading large parcels..

As a mid term holder I think its great.. but for trading the range? I'm out now and on the side lines incase it drops 5%

Hope your all making some money out of it.

Don't fall in love with it though :-)