Im here because Im allowed to be here.
Been here since 2004
That's an odd question.
In any event, it's prudent to pay attention to "momentum stocks" that have bounced very hard, then hit resistance and falter as momentum traders exit.
Most of these traders know nothing of SFIO (or their story, nor do they really care).
So if SFIO becomes "oversold" again (technically oversold) and finds support around the .01/share range due to these momentum traders exiting - then that may present for an ideal re-entry point.
I do not follow this particular security as well as you do, so I apologise in advance for appearing so forward.
I am not an INVESTOR.
I trade.
This was an excellent TRADE and I sincerely never thought that it would bounce and go right back to where it had been trading, in such short order (2 sessions).
To that end, I think I mirror the thoughts of quite a few traders.
It became GROSSLY oversold from .03 to .006 (and even moreso on the gap down Friday, as the last remaining blood was spilled) - then *BOOM* the company issued an immediate response, fired the evil doer, put a new CEO in command, and the shareprice responded in rapid fashion.
It was a trade well done, and most here are to be congratulated.
That's all I'm saying.
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