"Dead money until $4? What do you call a 40% gain?"
"but will keep watching for another run up over 3, and then to 4"
I meant to say it is dead money until the run up above 3..this will keep declining in my opinion, and it will be dead money until it rises above 3 again.
Sold at 2.88 yesterday morning during the mini crash, not my best trade as I should have stuck to my immediate target of $3, but still profitable and not bad in the end.
Onto other trades, onto better trades, but will keep watching for another run up over 3, and then to 4. It is likely to be dead money until then.
Good luck to all!
I had a trailing stop loss set and it tripped at $3. MMs could have ran it down to replenish their shares. I'll probably jump back in tomorrow.
If you read the SA article, you'll see that what I'm saying isn't much of a stretch. The article revealed some positive info to me that I did not know. However, I bought a month ago for the very reasons that the author discusses.
Sentiment: Strong Buy
easy to get sucked in on the low price .This thing has been nothing but a dog for at least the last year .Look back to where it hit $6 .Then go back 5 or 6 years when it was around $9.00 ,I think . BOW WOW . POS ! Having said that , this does appear to be a turnaround . An outside possibility some one is interested in taking them out .The volume is way bigger than normal .I hate this stock , but when I see this kind of move I do not want to miss the boat .SOOOO , look at the $2.50 call options .you can buy them out to June for under .80 I got some this morning for .70 . much less money at risk and as long as the stock stays above 3.05 you can't lose more than your commission plus maybe .20 . that's not an offer just free advice . See what you think .