have you looked at the long term chart for this stock? And you're telling me it call fall all the way down? Sounds like you're stuck in a long time losing position and resorting to prayer.
immaterial - only matters that news gapped the stock. People who 'make the market' and make money based on spread between bid/ask have an imbalance in trade orders they momentarily hold due to the gap up caused by the news. They have monetary incentive to see the price comeback down to those levels to close out those trades. Also causes TA followers to short/sell/avoid buying until that level closed.
to overly simplify, because the people who make the market in the stock their trades at $1.18 to close out from the day it gapped up on the news.
Every tick down towards $1.18 must kill you. Your losses match your ignorance.
LOL you should try lies that are a little harder to disprove.
No it isn't moron - it's to make a whole bunch of money once it hits $1.18. If that rookie understood concepts above his head, he could make up for his mistake when he bought this higher.
If you think gap analysis is a 'negative comment' then you have as much to learn as him.
Sure I do. That's just your inability to understand technical concepts getting in the way. It comes with being a rookie stuck in a losing investment..
when you actually back it up with something of substance - that'll be a first. I don't suggest anybody hold their breath waiting for it.
there's no shortage of thinly traded Chinese stocks that have had pops with incredible surges in volume and the Yahoo fools that actually think 'big boys' are suddenly taking up big positions with them.
Wait for the gap fill, buy and let sit until the next pop then sell immediately.
funny, was thinking the same thinking of you.... In addition to a 'moron' post, you inability to understand basic technical topics speaks volumes to your lack of maturity and education.