RSI(14) is now below 15. I picked some shares today at 1.75 thinking it would be the bottom of the well, but apparently I was wrong. I was out 50% after Q2 CC, bought back in today to average down, I have another 20% more to invest then I am done. It is very frustrating to see this depreciation. The charts never lie, and right now we are now 50% below oversold territory, which is a very rare situation. This is worser than receiving a CRL or results from phase III not meeting the primary / secondary end points. For god sakes, we have an FDA approved drug which is preparing to launch this quarter. Very strange.
I bought back in today. I owned 10,000 shares of Path at $1.95 before the fda approval and then sold it afterwards. Didn't watch it for awhile until recently and noticed this down trend. Cant believe I was able to get back in at $1.67 today. Only bought 2600 shares cause I want to buy over the next week and hopefully have a good average. I think I will end up with 8 to 10 thousand shares. I am going to bring good luck to all the longs :)
right there with you... I did good in the past and I'm now intrigued and had/have limit buys in place since it dropped below 2. Good luck to you! Hopefully there is some positive partnership, production and pipeline news (or any news) coming soon.