Before things went parabolic last week I, and I know a lot of others here were able to trade this thing pretty reliably. I successfully traded a portion of shares a number of time from .03-.175 selling on pops and buying more on dips. The only time I missed a beat was when I sold at .175, slept on it a night and bought in higher the next morning with extra money at .204 because I could smell the crazy in the air.
Right now is anyones guess really. Might pullback tomorrow and end down ~10%, or we could break our upper resistance and land somewhere in the .50s. Personally I'm afraid to trade a single share because I have no idea if tomorrow is going to shoot up or down 10+++%. I'm just holding long.
My take: this is a new sector that this country has never seen before. It's hard to put a price on something like that. RIGHT NOW this company is not worth $.41/share, BUT most of us are are willing to bet it will be worth at least that in the future. In fact we also think/hope it will be worth a lot more.
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