Newbies here that don't know the drill. Buy the drops, sell the rips. Been doing this for over a year. Pattern is always the same: Slow walk down from 3 ish level to 2.35-2.50 range. Eventually a PR comes out and stock goes up a dollar or there about. Traders take profits and the cycle starts all over again. Are we close to a change in trend? That's the million dollar question. Until we know that answer, buy the lows, sell the rips. Easy money !
We'll see. I tend to agree with you but with this stock, anything is possible. I have a core position that I bought after the last offering. Those shares I will hold longer. The other shares I buy and sell on a regular basis. I was surprised that the stock never went down to the offering price 2.06. It held 2.20 easily and then started rising again. That was the first bullish signal. Then Longwood Capital buys 5% stake and that was bullish signal #2. I'm hoping that we get bullish signal #3 when they report their numbers.