Post by
1234ZION on Apr 11, 2019 4:06pm
The company vs the Chart
The company is a great compnay and keeps releasing positive news and has since day one but the chart tells a different and scarier story. Closing today at .44 with earnings only a couple weeks away , is supremely worrying. Especially since all that volume we had the for a few days has dried up and the price still slipes to an undeserving area. I am in at .46 and no plans to sell until just before or after earnings. With that said, from expereince with other stocks, this is starting to resembele allot of unwanted memories from other ¨good companies¨that I went long on and lost bigtime.
Hopefully this cycle stops but the chart says its not going to. If it breaks. 38 then we are in for a major bad storm. Sure would be nice to see it crawl over .50 but the wall of sellers vs buyers there is not encouraging.
Cheers
Comment by
1234ZION on Apr 11, 2019 4:12pm
Especially since the volume teh last 3 days has been all red. I hope this is just shorts covering . I beleive that tomorrow and monday will be very very telling!
Comment by
GordoTheGreek on Apr 12, 2019 6:19am
Thanks for the analysis. You’ve convinced me to exit my position today at a loss.
Comment by
ThomasJ0000007 on Apr 12, 2019 8:17am
This post has been removed in accordance with Community Policy
Comment by
GordoTheGreek on Apr 12, 2019 8:30am
Yes. My average is $0.50 so I'll be taking quite a loss, but I think it's the best move.
Comment by
ThomasJ0000007 on Apr 12, 2019 8:36am
This post has been removed in accordance with Community Policy
Comment by
Stockfinder on Apr 12, 2019 10:13am
See ya Gordo the fake, all the best!!
Comment by
Stockfinder on Apr 12, 2019 10:13am
See ya Gordo the fake, all the best!!