RE:Can you afford to lose $700?tamaracktop wrote: Bottom fishing is a losing proposition more often than not, but 10,000 shares with tight stops can't hurt anyone badly, and just might pay off nicely.
But 10,000 at $.64 and put a stop in at $.58.
There's probably support at $.60, even pennying at $.61.
I'm considering it myself.
Now there's 'probably' support at .60? Just like it 'probably' wasn't going to go below the low of .70 either. Then there was the STRONG spport at 2.25 when it was trading in the 2.40's.
In 17 years on stockhouse you haven't picked ONE winner that didn't end up trading significanly down or at zero. And you still feel the need to offer advice urging people to buy? No offense, but how is this even possible?