GREY:WFREF - Post by User
Comment by
sapiensunuson Jan 12, 2015 3:17pm
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Post# 23310692
RE:RE:RE:Change of plan….
RE:RE:RE:Change of plan….Bounces will be imminent… there will be a large one when the shorts squeeze. Hopefully today will be the day of capitulation for this stock. Unfortunately… for those who bought over two dollars there still may be some downside because the barrel may break into the 30’s. Unless we go into a recession, it can’t stay there long. As a new buyer there is plenty of time to accumulate, but there is nothing wrong with a position initiation on down days. Keep your shorts on if you been doing so (my broker will not allow shorts under 1.00). However, shorts beware because we could also be setting up for a double bottom. A good indicator will be to see if it holds. Bottom line… if you believe in this company as a long term player it’s always hard to average down because you need cahoonas of steel. But… for most stocks…when everyone wants out it’s the best time to buy.