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Wednesday, June 07, 2017 9:09:21 PM
Out of $AZFL as of June 7.
I sold @ approx break even near .0008 from resulting average scale-out.
The result should be similar or better (profitable in some cases) for most who followed my trade & averaged down along with me or lower below .0007 (as it hit as low as .0002 before re-testing .001 on June 6-7 as I alerted to sell via e-mail privately).
I started coverage of $AZFL on April 21 with first scale-in entry when it was trading .0007-.001.
My thinking is that the latest news hype from June 6 is wearing out quick, which is apparently a pattern for this stock unfortunately. Same thing happened after news May 23 put it toward .0014, but then followed a sell off soon afterwards.
Maybe $AZFL will pop yet after June 7, but odds are most likely that dilutive selling pressure continues yet again after latest news hype wears off based on it's recent historical pattern & the fact that .001 resistance is apparently establishing itself.
>>>That said, I'm glad to get away without a loss & glad to be done with this stock as a waste of time the last 6 weeks.
****I'm looking forward to moving onward to new trade ideas coming out soon.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=131997386
5 Day Chart (as of 6/7/17):
3 Month chart (as of 6/7/17):
LIVE ~~ 3 Month Chart:
I sold @ approx break even near .0008 from resulting average scale-out.
The result should be similar or better (profitable in some cases) for most who followed my trade & averaged down along with me or lower below .0007 (as it hit as low as .0002 before re-testing .001 on June 6-7 as I alerted to sell via e-mail privately).
I started coverage of $AZFL on April 21 with first scale-in entry when it was trading .0007-.001.
My thinking is that the latest news hype from June 6 is wearing out quick, which is apparently a pattern for this stock unfortunately. Same thing happened after news May 23 put it toward .0014, but then followed a sell off soon afterwards.
Maybe $AZFL will pop yet after June 7, but odds are most likely that dilutive selling pressure continues yet again after latest news hype wears off based on it's recent historical pattern & the fact that .001 resistance is apparently establishing itself.
>>>That said, I'm glad to get away without a loss & glad to be done with this stock as a waste of time the last 6 weeks.
****I'm looking forward to moving onward to new trade ideas coming out soon.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=131997386
5 Day Chart (as of 6/7/17):
3 Month chart (as of 6/7/17):
LIVE ~~ 3 Month Chart:
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