Monday, November 19, 2012 1:25:19 PM
But I noticed the trend: early gap up with tons of volume, followed by a deep drop and return to a level field. This has happened multiple times in the last few weeks that I've been paying attention.
At first I didn't have all the DD I needed, but once I was schooled by my fellow posters I caught up fast.
Then I started applying the knowledge I gained in my MBA program, and started watching investor behavior.
I started arguing with people saying this was going to shoot sky high because it didn't make sense.
This morning I made my first move: watched the gap up and missed my average cost of 12.5, sold at a loss at 11.9 (my entire position) and waited to see if it would come down.
So it got to .113 and I placed my bid at .112 and it took about 20 minutes to fill. I thought I was going to lose my gamble and buy back in at a higher value when I saw the PPS bouncing around 11.8. Then it dropped, I got my 43871 shares at .112 and I logged off to get ready for work. I was happy to have decreased my average cost and increased my position too!
Now that I'm at work talking to my buddy, he showed me the link on OTCMarkets.com that I shared.
I have no idea how to interpret that news: there are no MMs right now.
There's my 3 week history. I'm pro-MJNA, I'm long, but I'm willing to risk to increase my position when I see a very short term pattern forming.
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