$WGAS under attack

I was in WGAS with an entry at 1.1 cents 2 weeks ago but ended up closing out with a loss last Friday because of the kind of action we are seeing today.

Someone is really slamming the bids at every opportunity and with a high entry I did not want to risk getting crushed 50% if they succeed.

The 50 DMA continues to hold, but it has now been slammed for 6 days in a row. I am on watch for a deep pullback, perhaps a retest of the dead lows at .004 on big volume.

There is no rush to get into this stock because their 8/15 press release indicates that even after the tests from late last week there will be 45-60 days of clean up and then production should begin in October/November.

The important thing is to just wait for the pps to come to you. I tried to play a breakout, and am lucky that I only took a 25% loss.