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Thursday, October 03, 2013 2:18:35 PM
I kind of suspected a throw-down below .10 to generate volume. Sometimes that is a trigger to shake folks out with stop-losses. That's why I often wait to see what happens after a psychological breaking point (like $1, or .10, or .01, etc.) is reached before I jump ship. If the selling continues to block a bounce and .10 becomes a solid resistance, then rats...
I'm going to watch it a bit longer, and average down if it closes near .10 for a couple days. Fingers crossed.
I'm going to watch it a bit longer, and average down if it closes near .10 for a couple days. Fingers crossed.
I am not a promoter or professional stock trader. I'm a regular guy who enjoys stock trading to make (or lose) a few dollars. I am only responsible for my own trading foibles, not yours...do your own DD.
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