Replies to post #76258 on $heff's $tation of $tocks & $olid DD

[martych]

Sold mine when it failed to hold $3. Watching for reentry.

[rru2s]

Sold it in the same range, as the stock has a history of not holding gains and attracting shorts. Watching level 2 closely and there have been a couple of 100,000 share sellers this week who have just sat on their asks. Some think those are the folks who got preferred shares at $2.06 from the December financing, converting their shares and selling for a small profit. If that's the case, that could continue for a while until the company posts a quarter with a dramatic uptick in sales revenue, which probably won't happen until Q1 results are released in the spring. Meanwhile consolidation is likely, but so are news spikes, too. Time it to buy low and sell the spikes, then when revenues change, it becomes a long term swing trade.