PositiveID Corporation (fka PSID)

[Robsct]

The investor psychology behind a triple bottom after a steep decline is that when the pps bottoms out the bulls start buying and it starts back up...then disgusted sellers come in selling on the rise...the ones who got creamed in the decline...and it bottoms again...and the bulls are still buying and it starts back up again...if there are still disgusted sellers left then there's another wave of selling and it bottoms again. The bulls are still there and it starts to rise again. A triple bottom is very bullish because the sellers have all been shaken out and are gone by then...and a 7 month formation should be very powerful. The impending contract news is going to keep fueling PSID.

Good luck with your "lower channel", that's not in the book. Consider buying back in maybe?

As Sgt. Shultz said "I know nothing...nothing"

JMHO