Easton Pharmaceuticals, Inc. (EAPH)

[eelfland]

EAPH rallies fail quickly and dismally and can then downtrend for years. In the present situation I think it would be OK to try to catch the uptrend, but not to expect it to last long, and keep stops in place. I don't buy tops or breakouts; I buy retracements and sell tops, but everybody has his or her own style. You should do whatever works for you. Presently I think EAPH can get down into the .02 or .0175 area with the uptrend intact and I might be a buyer there, but I'm not going to let it beat me up too bad or for too long. That's what stops are for. If that trade works I'll take a 50 or 60 percent (maybe a little more) profit and be happy with it. If it doesn't work I'll take a small loss and look for another entry point as long as the uptrend remains intact. I'm not saying that's the BEST way to trade; it's simply the way I trade, to minimize risk and still buy low and sell high. I've seen enough EAPH rallies and EAPH promotion and PRs not to trust them or EAPH itself or EAPH's promoters.