Here's a lesson I learned with a couple of examples.
I was playing NIHK. It was good for consistant pops on press releases. I never held it, but it always came through on a pr for a quick pop. Then they hooked up with Dutchess for some equity based finiancing, The pops are dead and the stock is consistantly trending down.
OGOH,ONGO whichever incarnation you would like to discuss. Similar but Laurus and Dutchess. They paid off Dutchess but Laurus is flogging the stock relentlessly.
LESSON LEARNED: Never hold anything that gets into equity based finiancing. Sell anything that you currently hold the minute you find out they are using equity finiancing. Do not let the tech indicators fool you, They do not apply in these cases.
Sorry if this seems like a rookie lesson, but I promise you I'm right.
