The stock has been in an uptrend since the beginning of the year, when it rose from about 1 dollar to where it is today. As happens with most stocks, it was not a smooth ride upward.
Selling now, and "hoping" it will go down to 2.70, would be betting "against the uptrend". You would be paddling upstream, and you are much better off "going with the trend", and let the river (trend), take you to where you want to be, rather than trying to go against a well established uptrend.
Good news can happen at any time. We dont know what is going on behind closed doors.
As Mr. Buffet says, the stock market is a device to change money from the impatient to the patient. Now, you have to decide which category you fit into.
If you are a "daytrader", then you need to know most of them lose money. Some lose lots, others can only hope to lose less than if they held longer term. If you held all this year, you would be up about 3.25 times, or 325 percent. Is that not a good enough performance for you in 9 months time?
You say you did not hold it the full year? Ok, I guess you were off investing in "something else", the last "hot tip", right?
About 80 percent of a stocks annual gains occur in about 10 trading days of each year. The problem is know "which 10 days" to own the stock. The only way to be sure you catch "each" of the 10 best days to own a stock is to own it the full 365 days. Then you will benefit from each of the 10 best stock trading days 100 percent of the time. If you day trade, your chances of being right each of those 10 best trading days are less than 3 percent.
10/365 equals about 2.7%.
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