Replies to post #139452 on Sarissa Resources Inc (SRSR)

[d0lphint0m]

Support at .014 held up for five years. Breaking it was significant to me. Significant enough for me to sell my position.

[d0lphint0m]

http://stockcharts.com/h-sc/ui?s=SRSR&p=D&yr=2&mn=3&dy=0&id=p12169927420&a=348556802&listNum=1

This chart shows how important the .014 support was. It is now resistance (support broken becomes resistance). I felt the support would hold at .014 and the downtrend line would be broken as the time element was in the "window" for an intermediate term rally. I was wrong and I am the first to admit that. Disappointed, yes. But I will not ignore the charts so I am (mostly) out. I will be back in WHEN the downtrend line is broken on volume. In the meantime I can only hope and pray (for my friends who are still invested in SRSR) that the .0075 support holds because below that is .0005 support.

[d0lphint0m]

http://stockcharts.com/h-sc/ui?s=SRSR&p=D&st=2007-12-26&en=2008-11-30&id=p15822861384&a=348559849&listNum=1

I went back and pulled up the chart for SRSR from 2007/2008 and the low was .0065 during both periods. I also found that it traded between .01 and .0065 for two months during both periods. If you count this first break of .01 as 4/21/14 then hopefully this will be resolved one way or the other by the end of June.