it looks like GIGL ran to .26 due to investor excitement and not fundamentals and that the chart is correcting itself. glad you didnt buy in. what support on the 18th are you speaking of?
it was very obvious way back March 29th the chart was going to drop.right now, there are probably some serious investors thinking hard this weekend whether or not they should sell. seeing $200,000 in your account one week and then having $80,000 and dropping plays a mean game with emotion; especially if a spouse is over your shoulder screaming, "SELL YOU IDIOT WE HAVE BILLS TO PAY!!"
there may be some form of manipulation going on, but i believe more that the market is doing what it does best.. moving. no one ever said the market would only move up.
most indicators show a reversal may be forming, but for how long, i dont know. there are probably a number of investors thinking that because GIGL reached .26 one time, its easy money to buy in low and wait for it to go back up. although this technique does work, its not foolproof. often times after a run, it takes twice as long or longer for the price to repeat as investors are more hesitant.
i see .067 as next support. if it were to reach .042, there would probably be panic selling which would lead to the next support after that @ .013
but, who knows, although i doubt it, maybe it will jump back up to .26 on monday. the OTC is supposed to be about making profit. somewhere down the line 'profit takers' turned into 'adrenaline junkies' and, instead of selling and taking profit, people get greedy and say crazy things like, "IM NEVER SELLING!", "THIS IS A GEM!", and "THIS CAN ONLY GO HIGHER!" Had GIGL investors sold at .26, they could have doubled their positions.. or even better, took their profits, paid off their credit card bills, and reinvested the remaining amount in a lower priced stock. but hey, to each their own. Investing is a learning experience.
there i go blabbing again. haha
it was very obvious way back March 29th the chart was going to drop.right now, there are probably some serious investors thinking hard this weekend whether or not they should sell. seeing $200,000 in your account one week and then having $80,000 and dropping plays a mean game with emotion; especially if a spouse is over your shoulder screaming, "SELL YOU IDIOT WE HAVE BILLS TO PAY!!"
there may be some form of manipulation going on, but i believe more that the market is doing what it does best.. moving. no one ever said the market would only move up.
most indicators show a reversal may be forming, but for how long, i dont know. there are probably a number of investors thinking that because GIGL reached .26 one time, its easy money to buy in low and wait for it to go back up. although this technique does work, its not foolproof. often times after a run, it takes twice as long or longer for the price to repeat as investors are more hesitant.
i see .067 as next support. if it were to reach .042, there would probably be panic selling which would lead to the next support after that @ .013
but, who knows, although i doubt it, maybe it will jump back up to .26 on monday. the OTC is supposed to be about making profit. somewhere down the line 'profit takers' turned into 'adrenaline junkies' and, instead of selling and taking profit, people get greedy and say crazy things like, "IM NEVER SELLING!", "THIS IS A GEM!", and "THIS CAN ONLY GO HIGHER!" Had GIGL investors sold at .26, they could have doubled their positions.. or even better, took their profits, paid off their credit card bills, and reinvested the remaining amount in a lower priced stock. but hey, to each their own. Investing is a learning experience.
there i go blabbing again. haha
3
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Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
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