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Re: StockBull post# 270

Wednesday, 06/07/2017 8:56:41 PM

Wednesday, June 07, 2017 8:56:41 PM

Post# of 410
Out of $AZFL as of June 7.
My suggestion is for anyone following along to sell it also & there by don't keep holding it for long.
I sold @ approx break even near .0008 from resulting average scale-out.
The result should be similar or better (profitable in some cases) for most who followed my trade & averaged down along with me or lower below .0007 (as it hit as low as .0002 before re-testing .001 on June 6-7 as I alerted to sell).
I started coverage of $AZFL on April 21 with first scale-in entry when it was trading .0007-.001.

My thinking is that the latest news hype from June 6 is wearing out quick, which is apparently a pattern for this stock unfortunately. Same thing happened after news May 23 put it toward .0014, but then followed a sell off soon afterwards.
Maybe $AZFL will pop yet after June 7, but odds are most likely that dilutive selling pressure continues yet again after latest news hype wears off based on it's recent historical pattern & the fact that .001 resistance is apparently establishing itself.
>>>That said, I'm glad to get away without a loss & glad to be done with this stock as a waste of time the last 6 weeks.

****I can't wait to start trading new ideas soon, so be ready



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Similar copy of e-mail Alert listed below from morning of June 7, 2017.


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E-Mail Alert for Morning of 6/7/17:
Hi.
It's been a long wait, and I've decided to let $AZFL go. It had a positive news release yesterday again on June 6, but it seems that it can't break above .001 resistance.
I'm exiting it at approx break even, and most anyone following this trade should be at .0007-.0008 (.0009 max) area average cost or less.

I'll be in contact soon when making new moves.

Kind Regards,
3-D-T



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