Well, I averaged down in MJTK as well. I took a position and admittedly I was early. So, I was prepared to add lower. I just did that with another. Now, once again I think I'm early. I mean we will never have complete knowledge. However we can make educated guesses. Also one can never really know when a stock is going to finally pop. There is a lot of catalyst that allow that to happen. I now have an IPA concept that I try to apply along side my TA to a given stock. Now it's not nearly as defined as what Sleek does. However, any awareness of IPA provides one with added information.
In closing, I will just say. It's important for anyone investing in these little stocks to have a plan prior to the first purchase. An entry, a stop (how much is one willing to lose prior to stopping out.) And an exit plan. Plus what is compelling to cause me to want to take a starter position. It's also clear to me we get posters who act like these development stage stocks should behave like IBM. Well, that won't happen. These OTC stocks have to dilute in order to raise capital. Many do the right things and many do not.
As far as MJTK goes next week. It's my opinion we closed well on Friday. The daily candle was a doji with a large tail. For me that is a positive. Secondly, there was no volume to speak at close. In fact the 60 minute chart closed with a doji sandwich. Another positive imho.. I have a WAG that Monday we could gap to .01 trade the .09 to .0105 area for a bit and then challenge .0122 area. That's my TA side. Now, if we have big volume at open we could make a quick move to .0140 to .0145 area. You know all that said it could be either or neither. MMs will control the show...imho
News 
Market Data 
Discover 
