so if you are one of those fight the tape fools, cover. "When you are wrong - stop being wrong." Jessie Livermore
90% of people can stop at one or two - not me, I go for the gusto - LOL. Let's hope most ROX brand drinkers are not active alcoholics. Perhaps so as it is a more premium booze. Regardless, I like the chart and the fundamentals, and the diversification of the product line, not a one trick pony like a 70 cent biotech dream stock. It really doesn't matter to me one line of business they are in, it just happens to be booze.
It's worth around $90.00 tops, however I rarely fight insanity.
I see a pretty quick bounce to 5.25, longer term maybe 8.00? We'll see, right now it's panic and give up time, coupled with margin calls for the idiots who buy (a declining stock) on margin.
Can't really argue with the chart on this one, supported by growth in the business, as it usually is.......
and that's still 5 cents below cash.
Keep waiting for that 30 cents, buy only when it gets there, when it gets to $1.00 just remember that it will go to 30, then at 1.50, and 2.00 the same will hold true, at 4.00 it will be even more so, if it gets to 9.00, it will then surely go back to 30 cents, however it is just testing your resolve, because after all, the stock does care what you think.
Well, good move on your short position, however the stock is stabilizing at these levels so you should cover, and consider going long, or not.
As for your calling me stupid, that is more a reflection of you than myself, whatever wound based insecurities you harbor come out in forms that keep you from forming real relationships.
I'm in at 15, cover before this pulls a GMCR on you, fight the tape and you are a fool, it was a good trade, but the short side is over with, it was a manipulation tactic anyways.
I say buy some panic, no more than 2% of your portfolio though, give it six months. Lot's of day and swing traders talking tech, nobody really that concerned with the business, they just want to get in or out before the next gambler.
You jerk off a lot don't you, I can tell by your level of anger and general suspicion, women probably hate you and have for years. It's a cycle that only gets worse with time. I've known guys like you, I can spot them in a glace, I avoid them, as women avoid you.
A Jessie Livermore thing would be to buy more on the way up, as the market is confirming his original purchase, he would initially buy 30% of his entire position, if it acted well, (long or short) another 30%, and then the final 40%. Things haven't changed too much from 1923.
He said that he made most of his money by waiting for the right situation to come along, and then by "sitting" on the position, not trying to guess every flip and dip.
Hi was a great trader, but went bankrupt four times due to "breaking his rules" One night he got drunk and blew his brains out. The four busted marriages probably didn't help. His son killed himself too, although he was a drug fiend, not a booze hound.
It had all the earmarks of a stock that wanted to rise, I invest in a firm if I give it an 80% chance of rising, I check the stock at the end of the day, was in at .72 a week ago. I can dismiss the white noise of day traders bringing it up and down 4-8% a day.
Trying to catch every swing has kicked me out of some great winners in the past, by the time they went passed what I sold them at it was too hard to pull the trigger again, that is exactly wrong and I know it, however it is what happened in NFLX at 65.00.
Live and learn baby, live and learn.
I tried day trading a few times, tough game, probably the hardest money I've made in stocks, swing trading is easier, now I'm a fundamentalist first, tech person second.
Great sale buy the insider at 18.00, what a dirtbag.
Buying fear is (usually) a good thing.
It looked cheap on a cash per share basis, oh well, moved on.
What to do? I hate to sell a winning position.