RE: RE: Looks like I was right???? Abe you seem to have missed my second point. I am very highly disciplined. I trade weekly charts for entry patterns and daily ones for signals except in the case of higly priced stocks, where I use weekly exit stops. That is, my stops and targets are always looked at on a daily basis, so every evening I look at my portfolio and the charts I am interested in and decide whether to buy or sell the next morning.
The second buy at 0.97 was something I do from time to time. When I see a consolidation pattern after a big rise, have an entry signal already, and the price falls back down to the end of day stop on decreased volume, I take a position at the stop level. By the way 0.97 was a great stop for this stock as it reflected the pattern of Nov - Dec and the spike high of May 27.
Sure if you get a big fall, you do lose from time to time, but in my 30 years of doing this I have found that the probability of success does outweigh the probability of failure, especially when you have a stock consolidating above a previous high point
I didn't look at the intraday trades on the 27th so don't know what may have pushed the price down to 0.91, but I know enough about trading to suggest that those in the know manipulate automated stops. This is why I place my stops manually.
As it is the news today seems to explain the price pattern here, and the target for this is 1.40