RE: Time to sell??*crack knuckles*
This is (I'll go slow for Tim9's sake) what they call a P U L L B A C K. The stock was a little overbought up there at 1.20ish. It popped all the way up from 78 cents to that $1.20 mark or about 50%. That's a wow! In the meantime, there were a lot of orders placed at those lower prices, obviously between 0.98 and 1.20 that could be filled once the buying accumulation slowed.
If you didn't sell somewhere between $1.15 and 1.20, then you possibly missed this pullback. In the coming weeks, there will be more. *nudges Tim9* You don't sell when the price reaches a support level, you buy. It's a good entry point really and nice call JustLong, who said, "If it can't hold 1.11 then you will probably see a buck." I would have said 99 cents only because the commission is a tad less - where I trade anyway.
Seeing that it's Friday in an average week (where the only real news is that Obama is the hero of a bankrupt country), we should trade a little lower. It will pick up next week as we get closer to the resuits.
I didn't swing this one since I'm waiting until I see what the trend will be. Looks like somewhere between 15 and 20 percent. 22c/$1.20 = 18.33%. So on a run-up to $2.00, and being conservative to be safe calling the swing trade, at 15% we should probably see a pullback of 30 cents.
Anyway, all just in my opinion for playing with a stock that could see $3. in the near future.