Followers | 261 |
Posts | 33709 |
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Alias Born | 01/24/2013 |
Friday, October 20, 2017 8:56:10 AM
This stock was dying on the vine. Many investors who were promoters of the stock, had become sour on it, understandably.
Those who were looking to get in, myself included, saw the writing on the wall and were not willing to pay in the 6's, 7's and definitely not in the 8's.
IMO, the only thing that was going to help this stock, short of the company announcing something great, was for it to go through this drop and get some new investors who could see the potential for a rise in PPS from where they have bought in.
All this is why I think swing trading is the only way to go in the OTC. These stocks have burst, and then they settle. Young companies like these will hardly ever maintain a solid growth trajectory. They have to much to struggle through.
AJMO
GLTA
BIEI
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