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Echo Therapeutics Inc. ECTE
Posted On: 12/06/2013 6:39:13 AM
Post# of 42
Posted By: BooDog
not liking the divergence here. However, if i were looking for re-entry I'd have my eyes on the 2nd gap around 2.40.  Low floaters can really provide surprises. I made some nice $$$ on the run up, and even put back in some of my profits. Should have sold it pre market when it was poping over $5. But i didn't, stupid me. Wasn't about to take a wash sale. Only put back in a portion of my profits as a do or die anyway (whatever makes me feel better eh?).  Had they not come out with ANOTHER offering it may have held up better.  Gaps are meant to be filled though imo.  MM's have been leaving around a .01 gap behind when they take it down to fill it though so if you're watching it may keep that in mind for targets.  I don't mind leaving a couple cents when I"m buying, as long as the knife doesn't keep falling.
Long story short? Putting this on "WATCH".  If divergence pushes this lower like it looks to and attempts to fill the gap it could make a decent move.  The questionable offering price is certainly a deterent and is, imo, keeping some of the bulls away.













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