Thank you for your input. I understand your position about recognizing a pattern and/or channel and applying it to ones decision making. That works for you , so great!
For me, I give little credence to charts when applied to penny stocks. As you said, my facts as stated were correct but you believe I applied the facts in error. That's ok we can disagree. Marketwatch shows a steady decline of the stock over several months. You seem to place little value on that fact and prefer to rely on your interpretation of charts.
A lot of folks tried to explain to me why I was wrong about the 101 and how it had already been decided by the PTAB etc. I listened to their arguments and held my simple minded position that the 101 was in the jurisdiction of the District Court and would be decided by Casper, and it looked like it wouldn't be favorable. I try to avoid getting hung up on one aspect of analysis and review all of the facts and arrive at my opinion and decision. We each have to do what works for us.
My position has been very clear, in that I believed the stock has been bleeding down. It appears that my terminology doesn't fit into your charting narrative. My opinions on it are not constrained by a chart or an interpretation of a chart.
When I said many professionals agree that charting doesn't work for penny stocks, but that doesn't make it a fact - I was being polite. I agree with the professionals on that one, but it is still just an opinion and doesn't mean they are right.
Look at the many hedge funds, run by professionals, that have closed in the past year. They are professionals, placed the wrong bets, lost $$ and went under. So they are not always right either (just like you or me). It all boils down to assessing/analyzing information çorrectly.
Maybe if the stock starts trading at a higher value with more volume, the charts would become more useful. I hope that is the case. Good luck to you as well.
