RE:Remember this post on Monday?tamaracktop wrote: "Virtually perfect"
It filled the opening gap!
Now, when it turns higher, there won't be a gap on the chart to fill.
And when it trades over $2.24, there won't be massive overhead supply.
The short term investors who have told their brokers "sell that pig when I break even" will be gone.
The stock will be blue-skyed "
As it turned out on Monday, the stock never did trade "over $2.24", it traded "at $2.24",
matching the 50-week high it first reached on November 28th.
Monday was a real "teaser", but the stock still looks "virtually perfect"
Exro's stock has been consolidating its September - December move for 6 weeks now, and rests comfortably at $2.05, having traded as low as $1.65 on the pullback.
When the stock traded at $2.24 in November, a looming financing was still an uncertainty hanging over the market.
That's no longer the case.
It's in the rear-view mirror.
The How What When Why are now known.
Can you see that "year-high" at $2.97 on your quote screen?
That was $3.10 a week ago, and its about to start dropping fast.
Exro will show up on the New High lists soon.
People here who talk about "patience" make me laugh.
"Patience" is buying a stock and holding it through thick and thin for 15 years.
A few months is nothing.
In this case, it's mandatory.
"Patience" at 15 years? I have a few that are getting long in the tooth - nothing has hit 15 years yet but one has passed 12. I have been called dumb or stupid more than patient. My broker does not use the stupid term but I get the idea how he thinks. When you are in your 40's or so then the time frame is of less consequence but once you get into your 80's it becomes much more a dynamic in your thought process. Like in pharma type stocks -- whatever they are testing may some day save your life but the time it takes them to go through all the FDA criteria on their trials may take longer than a lifetime. :-))
I have said many times - it can be a young man's sport! Be it patience or stupidity.