RE:RE:RE:RE:RE:RE:RE:Dart, You're talking to the Shmenge's here, we aren't A 30 % chance of the stock pulling back means there's an 70 % that it won't and instead of going lower it could move higher , maybe much higher.
Firstly I much prefer a 70 % chance that the stock will go up vs. a 30 % it will go down, that's a no brainer, and secondly we haven't had news for a month and Tuesday is only 2 trading days away.
Think I'll tough it out for the next 2 days before I do anything rash !
Thanks for your input, nice to have another viewpoint even if it's completely ill conceived !
TaylorDart01 wrote: My point is the stock was up 330% in 80 trading days. The next 25% move had a much higher chance of being lower. Betting on a 20-30% correction and suggesting to take profits on some to re-position lower is not picking up a quarter on the railroad tracks.
So far we're down 10% from the highs, there's an un-filled gap at $6.80 CAD. We'll see what happens. I would say there's at least a 30% chance of that getting filled, or a re-test near the lows of the gap-up at $7.20.