Thursday, April 04, 2013 7:39:43 PM
Been hanging around for a while but just never posted. I am longish on VRNG my avg is 2.91 first buy at 2.71 then 3.15.
Yes the price action is frustrating for some but expected by others. When I realized the news was not the completed process then I knew the pps would come back down. I actually warned those on the yahoo board but they are crazy over there no sense at all. Unfortunately some would rather chase than take a small position and build upon it depending on price action.
I believe without finalising ruling soon the pps will decay slowly to what I would consider the support from 2.70-2.90. I am looking for those quick spikes down to load up. Seems there is some support around 3.15 level. The dips are being bought but that will also decay with time, frustration and weak longs.
I will not give any advice for we all understand how the market works (LMAO). But seriously You are going to take your first position in a patent stock in the middle of a non-news news release chasing the stock up? I heard numbers like $10 $20 give me a break. Do Your DD pay attention to the stock price action and learn (whoops that is advice).
Wishing everyone makes lots of money here but no one can predict exactly what is goin to happen.
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