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Re: ID_finance post# 172

Tuesday, 06/07/2016 4:09:50 PM

Tuesday, June 07, 2016 4:09:50 PM

Post# of 19515
The diluters (BMAK & VFIN) have been pounding away at this again lately.
I've been anticipating .01 area or less ever since late May when it broke thru the last .028 Support level from April, so I haven't touched this yet for a short term trade flip attempt, and since April's last 'pop' I continue to suggest people not to touch this yet.
I also continuously tell people not to keep averaging down and accumulating a stock like this. With a stock like this, you must wait for that very oversold moment if ever one attempts to trade it and to bail if it breaks support area, rather than continually averaging down and 'hoping' for a rally, etc, longer term.

I wonder if it will make it past Friday June 10 without breaking into subpenny? It looks very dire for this stock so far.

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