Protagenic Therapeutics Inc. (PTIX)

[dude iligence]

WOW ATRN-46% big move today only in the wrong direction. But that didn't come as a surprise. I was trying to be optimistic when I targeted .03 .02 is pretty close.

dude iligence Member Profile dude iligence

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Tuesday, June 05, 2012 1:57:44 AM
Re: None
Post # of 108162
ATRN .05 -10% The next leg down should be about .03 looking at the chart. The dilution is weighing heavily on this one. For those that bought between .08-.09 that's about 30-40% loss. Everything we learn tells us not to let our losses get that big. If the trade isn't going the way you planned exit take a small loss and move on before it becomes a big loss. Bagholding is like a addiction for some people that can't see to escape. Misery loves company so they encourage other to hang in there with them as if multiply bagholders will somehow hope their way out of the situation. ATRN had an amazing bounce but that ended months ago. The only play on this is very short term bounce plays and the odds on timing the entry just right are not good. When you hear the word hope that means get out and never look back.

Trading tip from at least 2 weeks of experience.