With triple zero stocks you must have the will power to hold. I agree if it breaks support and retraces to a close at .06 or less, it's over. This has not happened yet. Both days of the run, it has had higher highs and higher lows and has not broken critical support which is .06 ( Close at .06 or below ).
Every time I buy a triple zero and it displays these trading patterns, I either sell for a loss or sell way too early. I've been so surprised by the action once I sell. If I sell at .0012, it runs to .0045 or if I sell for a loss in this case .0006 or below it 90% of the time runs right back up to .0045 and I'm ready to shoot myself because I usually hold 10 to 20 million share positions.
I will not sell this stock because #1 it has not broken support and #2 watching the trading activity it's obvious strength still exists and volume is present and bid support keeps coming back, especially during the lull of the day between 11:45 and 2:00 PM. Then when the close approaches, you see the buying increase as it attempts to break resistance. If this behavior continues, the stock will eventually break resistance and climb higher.
So for those of you still holding, don't sell, don't listen to the angry idiots making up stories trying to get you to sell. Hold strong and prosper.
AI
