Most of us have been wrong short term about this stock. I think if we do not break the strong resistance at .75 the stock will not be able to stay in the trading range of .69,.70 - .75 and will drop like a rock. But even if that happens we are reaching the bottom and the stock will begin it's upward journey on good news.
I think it is a very risky play to sell now and get back in at .25, .20 or even lower. If the stock bounces and goes thru .75 you will want to jump out the window. This is what excites me about this business - my nature is Trader not Investor but I have been and will continue as an OWCP investor because of the Company's unusual potential and proximity to success.
OWCP is not owned by my trading account as my trading fingers could easily pull a sell - buy which is to risky a play at this stage. At 1.30 it probably would have been a smart move but that opportunity is gone.
I will add that I would not be a seller at 2,3,4,5 pps - when this stock finally makes a real move it should do much better than 2,3,etc.
I think it is a very risky play to sell now and get back in at .25, .20 or even lower. If the stock bounces and goes thru .75 you will want to jump out the window. This is what excites me about this business - my nature is Trader not Investor but I have been and will continue as an OWCP investor because of the Company's unusual potential and proximity to success.
OWCP is not owned by my trading account as my trading fingers could easily pull a sell - buy which is to risky a play at this stage. At 1.30 it probably would have been a smart move but that opportunity is gone.
I will add that I would not be a seller at 2,3,4,5 pps - when this stock finally makes a real move it should do much better than 2,3,etc.
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