saw some orders in at 3.28 - but they "disappeared." think there should be an uptick with some shot covering soon. I am just watching and think this thing is dead, however there could be some exhales before it goes bust...good luck.
I was shocked to see the drop in FRO this morning, until I read the article. Had been watching and waiting for the stock to go below $5.00 again. Almost put a good till cancelled order in yesterday and fortunately got sidetracked. While it was lucky for me, I do feel sorry for the longs though
Geesh. I was kicking myself for giving up on it just before the recent pop. Now I feel lucky.
It is tempting to give it another try now as these kinds of declines almost always eventually give way to nice rallies. The problem is knowing when the panic is over. I was wrong the first time and tried to catch the proverbial falling knife.
Best to wait for it to form a base or to least put in a reversal candle.
Not always. But sometimes. Big difference between headline risk and material. I would say this is very material. Sure for a trade it could work but picking the bottom is going to be a challenge. Good luck