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Re: janitor_unbound post# 53963

Wednesday, 12/15/2010 10:01:55 AM

Wednesday, December 15, 2010 10:01:55 AM

Post# of 66758
In a situation with a stock that's had so much negative information recently time is your enemy. As more and more people come to the same conclusion you do and determine to sell the stock, the price will keep getting driven lower, just look at the action since Monday. Sure their have been some up swings, but they're getting fewer in number and smaller swings. There's no way this doubles from here. It's already up 50% from the morning low and anyone that bought in the .06 range is going to jump out and take their 50% profit today and run, which will cause the price to fall again. If you bought at .076 you're sitting on a 30% profit for a few hours work, I think I'd take it and put the money to work elsewhere.