Bought too high? How about me, bought at $3.42 and it came down under a buck in 2 months (2008), then down further more. I hang on, averaged down and finally got most old shares sold at profit last year. I added more recently and wait again. Luck and patience.
That makes you a buy and hold investor. Does not work in this market anymore. Try buy and do homework. Let the stock go up a bit and then find something else to make money. Works much faster. I bought in at 3.00 and could have bailed out when stock went over 3.50 a few weeks ago, but I held on because I got greedy. Bad mistake. Waiting for next move, but dont want to hold on too long unless this stocks pops up.
Sorry! Remember, bulls make money, bears make money, pigs get slaughtered. Oink oink
Right, so this stock needs to make a move in one direction or the other. If it goes up, the shorts will cover. If it goes down, then it will test support levels. I wish it would get bought out already. Then, the money is made.