RELAX...this pull back is absolutely necessary and normal in order to hit higher highs. There is nothing wrong with profit taking after large run-ups. As a matter of fact, you would be missing a great opportunity to exponentially grow your profits by selling at the highs and buying on the pull backs. You'll never sell at the absolute top of a run or buy at the absolute bottom of a pull back, but you can make a lot of money somewhere in between.
Look at how JCOF traded on 6-6-11 where it hit an intraday high of 70 cents. The following day, on 6-7-11, it hit an intraday low of 47 cents (that was a 32.8% drop in price in 24 hours).But what happened after the drop is what I'm talking about when I say to RELAX. The stock traded up to $1.04 in just 9 trading days.
As a stock moves up aggressively, profit taking is all that's weighing on the stock...not the fundamental interest of those who are long. Traders take profits by nature. I'm in and out of stocks that I love, all day long. It doesn't mean my long term view of the Co.'s growth has changed. So RELAX and accumulate on the pull backs, everything will be just fine.
Lucky enough to get 10K shares at 0.68. If it drops further, I will add in increments of 10 cent drops...so, next add to position at 0.58, if it ever gets there. If not, I'll enjoy the ride up from this range once again.
After seeing the accelerated EOD selling, I believe a bottom might be in, with all the weak hands having their shares lost. MM's always win and it appears they played the games they do so well. Up from here.