EGPI Firecreek Inc (EFIR)

[SynthTrader]

My position is that is stinks. It looked to be making a nice move up, and then after that PR is started falling. I can "guess" that the company started selling shares to pay for their acquisition. I don't know. I sold half my shares over .008 while it was up there and bailed out all remaining shares for a loss once it broke below .007 because it should not have been dropping so fast.

That's where I stand right now. I'm out. But there is a pinch forming on the 60-minute chart. I wouldn't buy yet, but once the signals are right and the price has stabilized, then I'll probably buy in for the pincher bounce. Here's the chart.