OTCPK:TOUBF - Post by User
Post by
Barolo12on Jun 14, 2011 5:25pm
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Post# 18714795
To sell or hold
To sell or holdBought today at $4.33 and am now trying to figure out if I sell tomorrow morning and cut my losses or hold.
The selling into the close made me very uneasy, but the same thing has happened in the past two weeks and it has bounced back the next day.
Will tomorrow be different or the same? If the drop was due to short selling then at some point they will cover, but perhaps they are hoping for a much lower covering price.
If this was mutual funds bailing on the stock then it could go much lower..
My hope is that this was more short selling and the day traders will take it up in the am.
The small number of shares trading after hours (7,500 shares at $4.31) gave me some hope for tomorrow morning, but not sure if this is misguided.