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Post# of 103302
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Bullmarket72

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Bullmarket72

Re: kcb1904 post# 73218

Wednesday, 09/22/2010 9:02:46 AM

Wednesday, September 22, 2010 9:02:46 AM

Post# of 103302
The stock will come off its high anyway. This is not a bad thing. People will pull out but if/when the stock pulls back from highs, what you hope for then is a retracement back upward 40 to 60%. If this happens, we will now no what the new support level will be. The new support will be the low point from the first new high above .0075.
Example: (not a predication)
New high: .009
Pull back: .0065 (new support)
Retracement: .008
Pull back: .0063 (test or surpasses new support)
Open range: .01 or higher.

There will be profit takers but there should be additional opportunities to buy in at other levels.
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