InvestorsHub Logo
Followers 1
Posts 26
Boards Moderated 0
Alias Born 09/04/2009

Re: Scootter82 post# 274

Wednesday, 05/12/2010 4:38:40 PM

Wednesday, May 12, 2010 4:38:40 PM

Post# of 1809
Charts can’t be relied on now. But…I think really savvy pro-traders are trading this on fast small profits. I think, just intuition, one more down day tomorrow and one sharp up day on Friday. But, that might be the trend for the short term.

It’s almost impossible to pick a bottom because we have no fundamental information with regard to sales, revenue etc. There were fewer sellers today on lower selling volume. Penny’s are a gamble always.

This should only be traded now until a bottom can be determined, if it can be determined. If .14 can hold this week, that would be helpful, if not…well, it’s a bummer for sure.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.