Replies to post #45386 on Chemtura Corp (fka CHMT)

[sullivot]

I too added some more today at just above $1.00. The fact that it closed below the 20 day ave doesn't necessarily mean we are destined to bounce at the next support level around .86. In late August, we closed several cents below the 20 DMA, but the buyers came in to hold support. I have seen it in other stocks where people sell because everyone said it was going to drop to a certain number, and it becomes a self-fulfilling prophesy.

Like others, I've got a lot of $$ tied up here, but I'm not losing any sleep over the price actions of the past week. It just goes with trading as a Q on the pinks. And even this, possibly the stock play of the year, is not immune.