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Alias Born | 11/11/2006 |
Friday, January 05, 2007 8:07:06 PM
I don't know about IR not responding, but I do know this. Whether this company is a scam or not, selling down here is stupid IMO. One must stay focused in a situation like this. The way I look at it is as follows, the risk reward for holding now is in our favor by a land slide. Meaning this..If you are in at a much higher average, selling now gets you almost nothing. But, I certainally wouldn't buy another share until, or unless the company proves to be legit. Consider this trade/investment a total loss for now. In your mind, write it off completely. Do what you can to get your mind off CHNW.
I trade other stocks besides CHNW. Last week I made big bucks on FORG. This week, I have made big bucks on DKAM. Now I am accumulating IFON and FCCN. If you look at IFON, the news has been great. The technicals are lined up perfectly. The two big up days were on huge volume, 11 million and 8 million shares traded on the up days, and under 2 million shares traded on the pullbacks like today. Also, IFON did a perfect .618 Fib retracement today and never broke below .618 support (or bottom) @ $5.47. It could pull back some more, but if it does, I will add more because the technicals and the news points to a new uptrend. Anyway, that's how I get my mind off CHNW which I only own 2.8 million shares. Just think about this, If by chance this company is legit, the Forex business and an OTC listing could make this stock worth a buck some day. Nothing is impossible.
Luck to us all..
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