Matt...Thanks....but, actually, I got lucky this time....
I do not subscribe to most of the conventional trading wisdom when playing the BB's or Pinkies....
I'm not that big on charts in these markets because the financial fundamentals are usually lacking...I reserve my faith in charts for the NYSE, NASDAQ, or AMEX....
I view the stem cell sector as being in a unique position right now.....we're all waiting for the holy grail.....obama's EO.....then, these stocks will move on that hype alone....
IMO....these stocks will move in "levels", unlike other stocks, (because there is a testing/approval period)....after the EO's upward push, they will "settle down"....then, we have to wait for the next "jump"....whenever that is....
my strategy is to take more profit after the EO.....keep a small position.....then buy back in when the anticipation of the next big move is imminent....my strategy is based on taking the profit rather than keep the money tied up....
maybe others would prefer to keep the money tied up and go for the brass ring....that's an individual choice....
remember....these stocks will not behave like others because we are talking about revolutionary things like artificial blood, tissue regeneration, possible cancer treatments, etc...this research even spills over into skin care cosmetics...so, put away your charts...and just follow the news...
GLTY