Agreed re: volume. It was nuts both days. Much more than BVSN the 1st two days after NIA hit it. I'll tell you where I really failed on this today. Of course in hindsight it's 20/20. And I have no good excuse other than my desire to hold it for a long time like it's the next BVSN. That was my plan anyway.
Ok so you see how it gapped up and opened at $10.97? Well after it ran to $11.72 and then retreated it had huge support at exactly $11. When $11 failed and then $10.97 failed that was really the time to sell.
When a stock goes under it's opening price...after a gap up...it's really considered red on the day. When it closes between the opening price ($10.97) and the prior days close ($10.09) which it did at $10.63 you get the black candle you see on your chart.
This is generally considered a bearish signal and a possible reversal. My hesitation here and unwillingness to believe it could keep dropping (next BVSN remember?) it was caused me to hold it all afternoon in disbelief.
When that final washout came I just hit the eject button locking in a tiny gain. At today's highs I was up $1.44/shr. Epic failure plain and simple.
I have no good advice here now. The easy money is gone for the moment. The NIA has juice after BVSN. That's how we got to $11.72, but man once the selling started it just wouldn't let up.
Hard to know who all was selling or why, but unlike an OTC no one controls these real stocks. For all we know INTC was liquidating into the hype. Who knows. Not me.
I'll keep watching it for another chance, but if your chart was an OTC chart I'd consider this the first red day after a parabolic move and would expect more downside tomorrow. Like 95% chance. Being that this is a rel co. I dunno.
No one was buying today...can't see why that suddenly changes tomorrow. Maybe news? Be careful is my best advice.
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