OutI don't trust support levels as they have broken down at the critical $1 level and could easily
break again. I have seen this happen countless times on other stocks after a great run where
everyone is excited and then you get the drop followed by another drop. These support levels
look good for a while until they suddenly break. I have not hesitated in selling as soon as it
broke through the $1 floor.
Does that mean its all over? While pondering the question, I find its best to take my profits and
see what happens. Exiting with a considerable profit relieves me from any stress or anxiety
about any more downside risk. Better be safe and profitable than anxious is my thinking.
My risk tolerance is usually highest before a major move and decreases rapidly after a run
where there has been an obvious top and then a big drop. Everyone has to decide for themselves
what they are comfortable with.