Ad1, Your last post reminded me of my first trade. With beginners luck, I was so proud with a 600% return on investment, I sold because I was so nervous, I couldn't stand it. After selling at .52 my heart sank when it proceeded to climb to $1.06 over the next 3-4 weeks at which time the MM'ers bombarded it with nearly 10M sell orders and it fell like a stone. Probably will remember that trade for the rest of my life.
In regard to tomorrow, I expect the stock to level out into a sideways channel until it gains enough momentum to recover from the short sells, then proceed back up. If we are lucky this will take only about 5 to 7 days.
It's always helpful to find another stock in the approximate position to make a comparison. You may know of another but for now look at WTER, it has some similarities, showing a sideways channel.
http://bigcharts.marketwatch.com/charts/big.chart?symb=wter&compidx=aaaaa%3A0&ma=0&maval....
Of course, as you know, this is only a guess and will have to wait and see.
I'm keeping a close eye on this baby.
PS: What do you know about 50% retracements? Look it up and let me know what you find out. That may help us understand the price movements before SGCR reaches its peak. One of these sites will house the answer.
GLOSSARY OF STOCK MARKET TERMS:
http://www.marketwatch.com/pf/started/GettingStarted_Glossary.asp?siteID=mktw
http://www.cftc.gov/opa/glossary/opaglossary_a.htm
http://money.cnn.com/services/glossary/a.html
http://www.matisse.net/files/glossary.html
http://www.zacks.com/help/glossary/
http://www.investopedia.com/
In regard to tomorrow, I expect the stock to level out into a sideways channel until it gains enough momentum to recover from the short sells, then proceed back up. If we are lucky this will take only about 5 to 7 days.
It's always helpful to find another stock in the approximate position to make a comparison. You may know of another but for now look at WTER, it has some similarities, showing a sideways channel.
http://bigcharts.marketwatch.com/charts/big.chart?symb=wter&compidx=aaaaa%3A0&ma=0&maval....
Of course, as you know, this is only a guess and will have to wait and see.
I'm keeping a close eye on this baby.
PS: What do you know about 50% retracements? Look it up and let me know what you find out. That may help us understand the price movements before SGCR reaches its peak. One of these sites will house the answer.
GLOSSARY OF STOCK MARKET TERMS:
http://www.marketwatch.com/pf/started/GettingStarted_Glossary.asp?siteID=mktw
http://www.cftc.gov/opa/glossary/opaglossary_a.htm
http://money.cnn.com/services/glossary/a.html
http://www.matisse.net/files/glossary.html
http://www.zacks.com/help/glossary/
http://www.investopedia.com/
Beware Bull's Ready to Run - Before investing $ do your own dd. All posts are my opinion.
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