Friday, March 14, 2014 10:24:44 AM
CYTR $3.86 - High Watch - Panic Selling
I've traded it 2 or 3 times before and successfully, so may be giving it another go. They had an offering in the past month or so and in the last few days had been getting the heck beat out of it, from stories about using paid promoters, etc.
They have data being released soon again if I remember correctly. Will be looking into that.
It's broken through some support levels and the 200DMA ($3.59) is coming up. My guess is that holds pretty well. At least bounces off of it (if it gets there) and should be able to get a gain out of that. Then set stop loss thereafter with gain. and/or hold for data runup.
7 DAYS OF RELENTLESS SELLING (today the 8th). Watching closely.
I've traded it 2 or 3 times before and successfully, so may be giving it another go. They had an offering in the past month or so and in the last few days had been getting the heck beat out of it, from stories about using paid promoters, etc.
They have data being released soon again if I remember correctly. Will be looking into that.
It's broken through some support levels and the 200DMA ($3.59) is coming up. My guess is that holds pretty well. At least bounces off of it (if it gets there) and should be able to get a gain out of that. Then set stop loss thereafter with gain. and/or hold for data runup.
7 DAYS OF RELENTLESS SELLING (today the 8th). Watching closely.
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
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