I'll have to analyze the long position a bit more.
ISR makes me skittish of it's long potential for the following:
1: It hasn't seen the $3 level in years. When it did hit $3 that was when it was on a downward spiral from a peak, not from a trough. So ISR started high around $5...worked it's way up to $8 and then collapse from that point forth. It just hasn't proven itself worthy of taking on this price level ever. So it either passes...or it fails. We'll have to see. It's weakening. It produced that beautiful high in March, then retested in early April, but couldn't exceed the March peak with the April retest. Then it dipped in late April, losing over 40% from it's March peak. From there it did another retest in mid-May. Again, this retest was even weaker compared to the early April retest. All this is red flags for me. There's plenty of room up. But there's also plenty of room down to push this stock back to where it started, or at least close to.
2: The climb to $3 was rather rapid. In three months it went from less than $1 to $3.5+. I guess I could say FNMA's climb was rapid as well. But the difference being FNMA is the housing industry that generates tons of revenue. ISR....different industry, thus I'm less trusting.
3: With a couple technical indicators as well...I don't trust ISR at this level and think it'll fall further.
4: I recently "bashed" PVCT when it was at $2.37. I got in short. I bailed out when it didn't collapse in 2 weeks. It did a little retest up into the $3. I was glad I jumped out. But just yesterday it tanked passed my conservative short target of -10%, down to the $1.55. That would have been a 50% gain if I'd stuck with it. Anyhow...I better stop here and let time/price do their thing. Best to ya!
Suberizedwrx
