RE:RE:RE:RE:Did we hit a resistance point at $5.69?Good on you Rickee for being honest and saying you were too greedy. I hope you will make the right decision now and take some profits. I hate to see people lose money. It has been ugly this downturn. I feel it is not over so beware. Look at the chart and you will see support at the $5.47 level. If that breaks, unfortunately the stock will go to $5 which is next support than if that breaks, $4.43 is your next stop. Hopefully that holds cause then we are talking the $3 levels :( Just keep watching these levels and sold some of the way down. This will preserve your capital and you will be able to buy at a much lower price if you believe in the company. One lesson to learn from this is to never fall in love with a stock. You sure seemed to be in love with this stock and that was your mistake. Take care and leave the emotions out.
rickydee wrote: They should give us a break once in awhile even if it's only a breather...Enough is enough!!! I must admit that i made a mistake when i decided not to sell when the SP hit $9 ( i got too greedy) I have been watching the SP dip since that time...Let's hope $5 holds (it should)..They have taken enough already!!!! At these levels,we should start to see some serious resistance...
1condor wrote: support for the stock is not at 5.69...it is right around 5 dollars give or take a couple pennies either side. I suspect Tuesday will start higher on most MJ stocks and then they will start to sell off again either later in the day or on Wednesday. Confidence is high that this stock will hit the next support level (question is will it bounce hard or break through to the downside).