Thats exactly what I feel too
right now.
and part of it is because I see as I study the TA chart, there are many angles from where to examine the whole chart from 5 to 9 dollars, but wait, now we have to go back and start lower, from that 4.20 Bottom now that 5 dollars has broken down. Up to this point, I was fairly confident we would see the 5.00-5.30 area hold like is has in the past. Maybe that was a naiive idea on my part. Maybe too logical... to think that the science is better now, why wouldnt 5 dollars hold like it did several other times. No ,thats way too logical to think like that. We have to think....Wall street short attack, spins a negative story, Fidelity is desperate to gather as many shares to sell short as it can. I dont know what the whole definition of a short attack is, but this price collapse is not normal in terms of a technical pattern. The technical picture has been for a while now, a bottom around 5 dollars and a rally around 9 dollars. even at 8 dollars is ok. So whats happening now that 5 broke down.... I can only guess that it might not hold strong here at 4.75. why would 4.75 be so special. the 'special' price step was 5 dollars.
Maybe its time to expect price to target 4.20-4.00 as the place where somebody will start buying.
Up to this point I was systematically buying the key steps from 6.20 to 5.00 and 4.90 as well. Now its 4.75. and I cant keep buying every 20 cent drop.
But one thing to notice now, is that from a peak at 9.00-9.15 area a 50% haircut is a target around 4.50 You know how these super collapsing stocks, biotech and miners, when they get hammered down like this, its often a 50% haircut.
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