FUNNY how I was criticized for taking profits on $POTN (50% after 2 days!!) early morning yesterday right after the short term peak caused by a surprise market news catalyst... It seems more than reasonable to assert that the precipitous large pull back today toward low .20 area demonstrates my move as quite prudently correct, that yesterday the move on news in short term was likely being priced in. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144252670
I've seen stocks like this so many times over many years pull back (statistically most of the time) after quick parabolic moves on news. The pull back afterwards simply adds to the empirical evidence of such behavior with stocks like this & effectively is why I didn't listen to the 'herd of sheep' yesterday telling me I was wrong for taking profits on a news caused price surge after the nice dip bought last week (.19 or less suggestion).
That said, the latest news on their SEC reporting status is good and can help support the price possibly at some point going forward, but that doesn't (& won't) make me wrong for taking profits on the news yesterday adding to my good overall track record. I wish everyone here trying to make money being long the best, but it was hasty & incorrect by those who chastised me for taking profits yesterday morning. Effectively my posted move yesterday to sell instead of buy was being reasonably responsible & did not lead anyone to a loss today
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