RE: RE: No conviction I already rode this stock from $6.20 down to where we are now so I doubled up this morning expecting a pop from yesterdays sell off... It didn't happen and I had to make sure I didn't take more pain as I was not around to deal with it, so a tight stop loss at the 52 week low seemed like a good idea. I took the loss and dropped my average cost down to $5.85 into the weekend with what I held yesterday.
It think my stop should have been 1 cent below the 52 week but some would argue this stock is now in uncharted territory...it would not have mattered as it went .02 below that anyway......not a good sign...could see $5 if gold falls back and that's a good possibility with all the pump on the recovery.
If I miss a pop up at the open Monday I'll still go to profit quicker ($5.85) and can judge at that point if this stock has more legs.
Gold is good, but cash is king!