Thanks brother that's very kind. I'm sorry I'm not watching it too closely today as I have a few meetings. But I will look at it later. Interestingly, it did settle off the open around the very target I posted around 1pm yesterday (i.e. .048 area). The technicals always have their say.
Philosophically, as a rule, I don't think it is very good to watch a stock too closely after that kind of move. There is too much emotion and volatility. And people will feel they are missing something, or they need to get their "money back" etc. Luckily, a lot of people remained sidelines yesterday due to the insinuation there might be the R/S. Plus, the trending becomes unclear upon capitulation.
So ya, other plays are better. And other plays are always better than NEWL. And definitely waiting for the dust to settle is shrewd. Otherwise, it is akin to placing thousands of dollars on a horse you don't know.
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