Monday, March 20, 2017 9:31:36 PM
Today's pop was a pure technical play IMO, once people saw the 21daySMA break people and their followers jumped in driving the price to break the 200day and failing to break the 50day. The people that jumped in probably did not know the company's situation that shares are being terminated in a week and shareholders will only receive about .007 PPS payout valuation with the current information available. That is what ultimately drove this back below all moving averages by close.
I gladly took this opportunity and made back a couple thousand on my bag. But going forward I still hope to be apart of a class action lawsuit against this scam.
We all learned a valuable lesson here and I am certain this will help me become a better future investor. All I needed was a stop loss going into the buyout date (Valentine's Day).
I'm glad to have had valuable discussions and insight from all of you. I hope we can all stay connected and build wealth in the future
Good luck to all,
Cash
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