Southern Home Medical Inc (SHOM)

[Rickster101]

Well at least the support is holding and the selling volume is subsiding. I know it sucks to be losing money on an undervalued stock. You cannot buy a stock on the wrong side of the movement. In other words, this stock shot almost strait up very fast. That momentum is unsustainable in any stock in any market. When you see that on a stock chart, you wait till it comes back down at least 20% before you start buying, and then buy more at every 10%-20% lower increment. A good stock with great fundamentals will stop selling off at a strong support like we are at now and start trading sideways (like we are now) at that support. This is when you start doing more homework. This is when you make your own decision based on your own homework on the stock, the fundamentals, the charts, and the news. Next time you see a feeding frenzy, check your emotions at the door and WAIT for a good entree point on the way down. I had to learn this the hard way a long time ago. Now I make money. I posted about the candles that needed to be hit on the down side. No one said anything except Rainmaker. This may be penny land, but the basic rules of trading and investing apply. Don't do what the crowd is doing. Do the opposite of the crowd especially when there is a lot of excitement.