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Re: MNYC post# 1246

Monday, 07/18/2011 8:17:42 AM

Monday, July 18, 2011 8:17:42 AM

Post# of 17074
That's what I'm doing...made profit on every trade until last one a couple weeks or so ago when I bought at $1.33 and sold out at $1.20 before this latest downward move. I guess the hype is gone. Time now to wait until it's a bargain or establishes a trading range again...this is a falling knife, slow but falling knife none-the-less. I had an order in at $.52, hoping for another one of those lovely MM moves to run it down 50% or more (remember the one from $2.00+ to $.92?) to kick some stop losses and cover their shorts, but...not yet.

In the absence of that which is not, that which is, is not.