3Power Energy Group Inc (PSPW)

[moviedude25]

Said many times, Buy the rumor, Sell the news.

What happens with most "news" is that it's not actually anything "new" about it. Like this "news" today, they told us it was coming a week before the PR dropped. The run up from 50 cents to $2 was directly a result of the antisipation of the "news" and when the news came out the stock fell back to earth. It happens almost every time because the announcement of news drives some short term investors like myself to a stock who aren't looking for a marriage but rather some quick cash. After the news is out something else or "new" has to offset the profit taking that will occur. Like this here today the "buying" couldn't keep up with the "selling" and this price retraced. I like this company and what its saying but pretty much have convinced myself that tomorrow morning I'm selling to get back in at cheaper prices. I don't think profit taking has finished here yet. Sorry but that is my opinion. So I'll sell first thing (should have been today) and see if my plan works. If I can buy in the same shares down the road 50 cents cheaper then they were today then that's free shares. Good luck to everyone though if your holding, I suggest not watching it tomorrow. I smell a sell off and retracement back to $1. But what do I know?