Very depressing, and you're right about the steepness http://stockcharts.com/h-sc/ui?s=MODI&p=D&b=5&g=0&id=p02777521269 I learned a valuable if expensive lesson from ongo,(that's how I still think of it) You have to accept when you have made an incorrect evaluation and be willing to move on. You can't delude yourself, you can't reason with the market. You have to see the reality for what it is or you will have a very short unhappy time in the market. Oh yeah, never believe a press release. Do you know how a CEO say's F&$k You? "I'M COMMITTED TO SHAREHOLDER VALUE"
One thing I've learned about these penny stocks. It really dosen't make a damn bit of difference what the company is doing, planning to do, or has done as far as the pps goes. It's all about the money. You have to follow the flow. Up or down you can skim a bit if you're quick and not greedy. I'm learning the less you know about a company the better. 1 exception, If they get into equity financing I will bail. I mean at the next chance. If up great, if down so be it. Check out FLIP. Fine example http://stockcharts.com/h-sc/ui?s=FLIP&p=W&b=5&g=0&id=p97763498082 SHAREHOLDER VALUE
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