FENG is a small cap, low volume, uncovered China stock. How can you let yourself be down so much??
It's been as hi as 13 in the time I have played it. I have bot, and sold it many times. I made money every time.
You just can't sit on ANY low volume, small cap stock that is weak. There will just not be an impetus to move it back up quickly, so it will drift lower.
re your current predicament, I agree with many on this MB that 10-10.50 is a good ST target. Getting 4 bucks will drive you nuts. Sell 1/3 or 1/2 if it pops up to 10 and change, then buy some shrs back if it drops. That's how you repair a broken position, small bits, not waiting for the whole thing.
Agreed...But with a small cap like this , it could fly to $15 with a blink of any eye with all the accumulation going on. It's now just a matter of when.....These MM's let this thing run. It will be in the $20's this time next year. I just hope I have the damn patience to sit around & wait.