Thursday, November 20, 2014 4:05:50 PM
We desperately need to find the bottom. Where is it? Nobody knows. What we do know is that there is a bottom. Unless you want to discuss BK ( Which I am not ). We are looking at RSI(14) 28. So, theoretically, we should head back over "30" in short order. I like the look of the red candle today. Perhaps that will hammer the "bottom" stake in the ground.
If you are a risk taker, you may want to keep your finger close to the "buy" button. I don't think any rational investor would say "buy right now". That's like forecasting the exact bottom. Hard to do. But, if you see signs of a reversal, say 3 green days in a row, you may want to plow into PLSB.
Once PLSB reverses, it may not look back on it's way back to $1.00
If I had to make a call now, I would say the support will be found at 0.16 or 0.17 Or maybe today's LOD is it! Tempting to average down, that's for sure. Is that wise? Probably not. But if you have "Vegas money", this is a great play. Looking for a 5 bagger in 6 months.
If you are a risk taker, you may want to keep your finger close to the "buy" button. I don't think any rational investor would say "buy right now". That's like forecasting the exact bottom. Hard to do. But, if you see signs of a reversal, say 3 green days in a row, you may want to plow into PLSB.
Once PLSB reverses, it may not look back on it's way back to $1.00
If I had to make a call now, I would say the support will be found at 0.16 or 0.17 Or maybe today's LOD is it! Tempting to average down, that's for sure. Is that wise? Probably not. But if you have "Vegas money", this is a great play. Looking for a 5 bagger in 6 months.
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