Lets put things straightFor the past 17 years this stock hit $3 once
For the past 17 years this stock hit $2 once
For the past 17 years this stock hit $1.5 five times
For the past 17 years this stock hit $1 five times
For the past 17 years this stock hit $0.50 eleven times
For the past 17 years this stock hit $0.3 seventees times (every year)
What is the probability this stock will go up to $1 again ? $2 ? $0.50 ? Make your own counts.
For the past 5 years this stock hit bottom (10-12 cents) five times.
It hit top ($0.25 - $0.30) 5 times as well
So, theoretically, the trend is:
buy at 10-12 cents and sell at 25-35 cents
I am waiting for my 10 cents...