i'm stuck on this at .46 have been for awhile. my only fear is a 1 for 4 reverse split. should have bought more in nov. 08, but we all should have, i will sit on what i have for now if drops .15-.20 buy more "opinions please"
responding to you now, talbert: your 46 cent avg cost isn't much higher than mine which also is in the 40 cent range
as long as ptn is under that cost (especially while shares pre-split are priced under 33 cents) I recommend buying more and averaging down
as long as you have the money and can average down (not up) continue to buy or at the very least hold, don't let a reverse split or move to OTCBB scare you it actually would be an exciting buying opportunity and if you don't see it that way well you can take refuge in that it may not even happen
another buying opportunity might come if FDA disapproves bremelanotide (they WILL allow Phase 2B, I'm talking about later on when the actual decision comes) in which case you might get to buy in at 25 cents (pre-split) again, this might be fairly likely as bremalanotide will be a hard sell to the FDA and people might forget all about the obesity and heart failure stuff coming soon after that, if bremalanotide is FDA approved expect over-buying, then dip and gradual rise but still this stock is majorly volatile
Here my view of what happen. I'm waiting for a break from the red line before I enter the trade. If it breaks the support blue line then there is a shift in the trend. It could go sideways until it unable to break the red line in later date. Once blue support line is broken and unable to break the red line, a new bearish trend is on the way down to the road.
If you did look at my chart where I had posted in this thread, it hit a Buy signal. So that good news for all longs. I may be entering the trade near the closing or tomorrow. This is good news for longs. Later on, I will post an update chart as proofs that chart do work and it not Voodoo as many people believe.
Here me view of what happen. I waiting for egg timer go pop before I enter trade view horizontals. Then when eggs break vertical task bar I sense magnetic east shift in many trend lines. It could go sideways but I think moves lateralwise instead until it unable to calcify. Then bearish trend magnification console opens up and lights flash way down to the road.