Cannon Exploration Inc. (fka CNEX)

[Sola Fide]

You posted your average was .0034, when it popped the other day to the high .002's why didn't you lighten your position?
That would have been an opportunity to re-instate discipline, varies from trader to trader and with stock volatility, but a 20% stop loss can be prudent.
You could easily have sold @ .0028 - .0029, and either waited for a pullback to rebuy some back lower to lower your ave, or just hold the remaining balance to see how its going to play out.

If you are trading, it is rather important to have some chart reading skills (you would have anticipated the stop @ .003) and closely follow L2 action.

I suspect you'll have another opportunity perhaps monday or leastways next week. Shouldn't be surprised by Fridays' action, profit taking and end of week position closeout...some folks use strict discipline.
It was low volume and low drop, add in mms' were stepping on it...they are short some on their books.
Chatter on other boards, twitter, and the BM's indicate many eyes on this, if it gets news or starts to move with volume, especially above .003, imo....its going to go fast and I don't think .004 will be tough to break, good chance to .006.....course this is just my opinion.