Thursday, November 30, 2006

Stock Of The Day (USG)



Today USG broke out of a 4 month trading range to close up over 8% on heavy volume..USG was up on rumors that the company is a takeover target..USG call options were also very active today... Just looking at the above chart I'd have to say much higher prices are likely based on the stock breaking out of a tight range with heavy volume...however, if the rumor turns out to be false, this stock could go right back down so keep that in mind.. I'll stay on the sidelines for now and just watch...I think it's a flip of a coin and I really don't like flipping coins..:-)

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