FITX Daily Chart ~ Pullback and Consolidation Cont
Post# of 2559
Posted On: 01/04/2014 7:21:04 PM
FITX Daily Chart ~ Pullback and Consolidation Continues
Again, I'm not a fan whatsoever of gaps. I'm breaking my own rules but holding FITX and actually added twice on Friday at the .0048 and .0051 level. My initial entries are at .0025 to .0029. IMO, it's time to get aggressive here due to Monday's AH release. Buying into a gap is always dangerous, and I would normally have sold more into it. I sold 1/3 on Thursday morning to buy back more shares yesterday at a lower price. Whether the gap from .0038 to .0045 is filled is yet to be seen. But the pending news is what's leading me to add more here as a just in case the big boys step up after the full approval and licensing by the Canadian Government. Strong news but no guarantee that the stock won't fall. GLTA
Again, I'm not a fan whatsoever of gaps. I'm breaking my own rules but holding FITX and actually added twice on Friday at the .0048 and .0051 level. My initial entries are at .0025 to .0029. IMO, it's time to get aggressive here due to Monday's AH release. Buying into a gap is always dangerous, and I would normally have sold more into it. I sold 1/3 on Thursday morning to buy back more shares yesterday at a lower price. Whether the gap from .0038 to .0045 is filled is yet to be seen. But the pending news is what's leading me to add more here as a just in case the big boys step up after the full approval and licensing by the Canadian Government. Strong news but no guarantee that the stock won't fall. GLTA
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