Skwong, forget what you see, and dwelling. You sound like you have resentment as this was easy money and somehow you were misled.
C'mon, my honest advice is get out now b/c what you are currently using as a indication measure is going to drive you out no matter what. I am being honest with you..you are looking for instant $$s and already bitter that you are in the red.
You are likely to see a few additional dips to test the bottom and listening to you let's me know that inevitably you will fold and flush with considerably more red then you are seeing now.
I am in at $50K at $3.61 PPS. 3 scenarios based on this stock all profitable regardless:
1. Price drops to $2.00 PPS - I can dilute my PPS cost basis substantially to around $2.15-$250 PPS depending on available freed funds at the time.
a) result - incredibly strong resistance at $2.80 PPS w/o news. Minimum profit $6k by end of month; max profit undefined
2. Price holds between support levels $2.60-$2.90 PPS for next 2 weeks with break out on news by end of month.
a) result - retest $5.00-$5.50 PPS resistance level; Minimum profit $69,252; Max Profit $76,177.
3. News breaks over the next 2 weeks initiating automatic retest of previous support highs.
a) result - automatic surge to current support level highs of $5.00-$5.50 PPS with high probability of triggering an epic short squeeze with little resistance to $10.00 PPS; Minimum profit $69,252-$76,177; Maximum profit $138,500
I share this with you as you have 2 options relax and realize you have options or poke holes in all of the above and get out.
GLTA. $$$$$$ Money in the Bank, Shorty What You Think!
