There's nothing wrong with playing technicals. It's your money, and your swing. But you're wrong about this stock. It is similar to Apple. Not the one of today, but when it started - and its not about whether or not its an IPO, its the about the promise of a company's future.
go back to post 45 around nov 2009 when Kmag was doing the same thing.
There was no real market for KMAG's product yet in 2009. Three years later, the market is drooling for it. Remember around 2000 when the internet and dial-up was just taking off, and shopping online? Many thought, "Why would anyone shop online? That's never going to work." It's an everyday thing now.
Or how about the cell phone? So many thought, "Why do I need that?"
Now RFID technology is getting its turn. Only a handful of companies are positioned to hold the lion's share of the market. KMAG is one of them. So, while you might be satisfied with your flip most can't time it well enough and they end up with less shares of a company that they planned on holding.
The DD here has led people to actually invest here, even people who have never married a pink before.