Posted On: 04/30/2015 11:53:22 AM
Post# of 75064
Important lessons:
1) Although this looks like a large drop from a day-to-day point of view, if you look at the monthly view, it's not that bad. The price is still above 35-day moving average. This is a penny stock, so small fluctuations in price give big results, both in positive and negative directions. You just have to ride it out.
2) If you chase the price down, you will probably end up selling it lower than you want to. And then when the price rebounds, you will chance it up again and end up buying higher than you wanted to. So it is best to hold on, unless you need the funds elsewhere. Today, pretty much everything across the board is looking rough, so THCZ still looks like a better option.
1) Although this looks like a large drop from a day-to-day point of view, if you look at the monthly view, it's not that bad. The price is still above 35-day moving average. This is a penny stock, so small fluctuations in price give big results, both in positive and negative directions. You just have to ride it out.
2) If you chase the price down, you will probably end up selling it lower than you want to. And then when the price rebounds, you will chance it up again and end up buying higher than you wanted to. So it is best to hold on, unless you need the funds elsewhere. Today, pretty much everything across the board is looking rough, so THCZ still looks like a better option.
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