When it eventually has a run up, make sure to sell on it (regardless of cost) as your opportunity to exit & get a redemption back (before it really tanks longer term).
Many make mistake of adding to a loser for too long of a period on a downtrend and then never making decision on when to sell or give up.
I'm still not in SPDC. I've been speculating on .80-.90 since a week ago, and it broke below that. But I think we are very close, finally. I still anticipate a bounce back toward 1+.
today's .71 very tempting to start a position for a short term trade flip.
That might be a good spot to buy... for a quick trade flip back into 1.'s later.
My speculation for over a week has been .80-.90 area on this. and I think decent chance for upper .70's. I'm getting an itchy trigger finger here on SPDC. We're likely close to great buy spot today near .82. I might take a starter position today yet.
That bounce I was talking about in early February on SR did occur and was a nice trade opportunity for those who followed.
Similar trade forming now is SPDC.
Checking back here... That bounce I was talking about in early February on SR did occur and was a nice trade opportunity for those who followed. Under 1.00 was a buy as posted (looking for ".80-.90's"), then a few days later bounced to 1.40's, which of course was part of the speculation--- and smart people dumped it in the 1.'s (like me).
**SPDC is setting itself up similarly as SR did in early February --- FYI.
I played SR for a nice bounce in early February. I played the extremely oversold technicals as it crossed into low .80's for entry, then it hit 1.40's on the bounce after 3 days (and exited, of course on bounce). SR had bad financials, too, actually worse & sold off for similar reasons as SPDC. SPDC is in similar situation, with chart similar to SR. Whether this goes to .91 or .75 for a low, I am confident SPDC has good chance to get back into 1's for a trade, and my opinion is 1.20+, maybe 1.50+ for quick trade. This falling knife will bounce it is inevitable. You will all see. I'm planning my entry on my original low target of .80-.90 area, and will sell when the technical reversal occurs into the 1's. I've done this countless times.
charts and other dynamics show that bounces have happened with SPDC. Just because you are unable to trade them for quick profits, does not mean you should be so skeptical others can't.
You will see this bounces similarly as I have posted. Let the next few days-weeks demonstrate my point.
catjomy31--- You don't know anything about me. All I've posted about is "short term"relevance to watch for here, and it doesn't mean I own any yet. You judge wrongly because all you are is a robo-posting basher!!
All you do here is offer 'no solutions', but just useless bashing-blather. I'm here being constructive for a trade short term. I have been posting here in recent days that I think .80-.90 would be likely area to seek short term trade opportunity, and I've been right, and I think when it bounces it will go to at least 1.20+ & I will be one of those selling into that bounce.
This thing will bounce and it is short term becoming very oversold. You don't know what you are talking about. So in future, spare me your diatribe basher comments.
i'm in the 'short term' camp only. It is OVERSOLD, regardless of what any bashers or pumpers say here.
Play this back toward 9-20 day averages & sell it on that rebound. It is technically oversold and likely will bounce to 1.20+, maybe 1.50+.
As for gross profit or what ti will do in next year--- it is too much of a gamble to bet money on any of that.
Last August when SPDC had a sell off around earnings time, it proved to be a buying opportunity for a trade in weeks to come. CEO bought shares around then, too. CEO bought shares in early February after latest sell off around earnings. I think 1.20-1.50 due for upside short term trade.
Why are you so enthusiastic about SPDC?
I see a buy opportunity--- at least for a short term trade developing anyhow
It is getting close to a nice buy for a quick short term bounce trade. But risk yet toward .80-.90 still quite possible. But if at that point or if it stabilizes here near 1.00, it should be a nice flip back to 1.20-1.50
If you're crazy enough to own shares "long term" in ERBB or any OTC penny stock, you deserve whatever happens to you. Even more crazy is if you've been up all this time and are watching the price fall downward constantly, yet having never taken profit(s). It is lunacy to never take a profit and watch the pps sink.
That said, I'm watching ERBB now for .01+ support, but only looking to enter into a short term trade flip because that's all these penny stocks are worthy of--- short term trade swings.