I took a position in CGR today. Big gamble. Decided to buy when things look the bleakest for the sector. It's touched near its historical bottom, so I'm hoping for a nice gain as a long term hold over a couple of years...
Any thoughts? Am I crazy? Lol
i would have waited for .15-.18 wait til it closes below the lower BB for a day or two and play the technical bounce .. seems to be following the trend line since mid February, any break above that .30 resistance point is a nice buy too
wouldnt hold it long term, pretty risk .. just play 4-6 cent pops IMO