You can not compare revenue multipliers and other factors between IWDM and Pandora. They are far too different, Pandora does not have going concern problems, cash flow issues, and bloated share structure. I do agree that Pandora is over valued today, but it is not apples to apples with IWDM.
If I owned IWDM and was down anywhere over 10% I would just sell and walk away. Discipline is the most important aspect of trading. Now if you think a pump is coming and want try and ride it, I would use a trailing stop where you feel comfortable. Also watch the volume, when the blocks that go off at the bid are larger than the ones that go off on the ask be careful.
You can not rely on indicators, or chart patterns, or technical analysis with a penny stock, they mean nothing. Penny stocks are easily manipulated and dont follow patterns, they follow what the major holders and insiders want to happen.
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