Medite Cancer Diagnostics Inc (MDIT)

[ferretmoney]

Trader-B, you might want to consider looking for singles and bunts and not waiting for home runs, most especially with otc stocks but with major exchange stacks as well. Also, set some hard rules about walking away. Do not accept ever-shrinking portfolio values. If 10% is your loss limit then SELL if the share price breaks that. I use 4-6%. NEVER worry about this one or that one getting away without you because that thinking will induce you to break these rules. "The market is an endless stream of opportunities," and if you miss one or lose on one do not look back. Look ahead to the next one.

Looking for singles and not home runs means selling when a run fades, taking whatever profit it gives you, no matter how small. And if it goes the other way you jump off and look for a better horse. I know it's late to do that here, but if you think this one is just a shell game then get out now with whatever you have left and look for a better horse. 25% is more than you might have if this one goes the way of most bb stocks.

I thought CYOE looked compelling too, but baled March 7th after it broke its recent low, selling at $3.10. Even if I thought the story was still good that was a sell signal and I could always buy again if it reversed and started going up on volume. It touched 3.10 only once after that and for the most part just went down down down. In the past I too have held dogs was past their sell signals, but no more. Buy something you can be glad you own without waiting for the pot of gold that rarely if ever comes.