Today, The Bowser Report issued a daily mover alert on Direct Insite (DIRI) and Atlantic American (AAME), both of which fell more than 10% for the day.
DIRI set a new 52-week low today, falling far below its typical range of $0.55-0.65. That’s not a good sign.
With a Bowser Rating of 8, DIRI is technically within buying range, but it is VERY speculative because of its price movement as of late.
AAME fell considerably in the second half of the trading day after holding yesterday’s close until noon. On such big volume (relative to the company), this indicates a sell off by some shareholders.
With no news, I have to assume that this selling is related to the overall market climate. AAME is still over $3 a share, so it is out of buying range. For those with holdings, continue to follow the Game Plan for when to sell.
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