Investor 2,
I'm not familiar with this stock, but here's what I see from just looking at the chart.
The stock really broke down at 50. And, what was that that killed 40 support, a 2 for 1 split?! Well ok, if we didn't get out before the split (I'm assuming it was one), it took us to 20. The stock then rose to ~26, but fell back to 20 support. Things start to look worse when the stock rallies again, but is not able to do better than ~24 (~50 pre-split), this time falling back to break ~20 support and then down to [it looks like] 12/13. The bounce takes it to ~16 7/8 (~35 pre-split)....... I would consider this reminiscent of the action at 40 pre-split. This is my exit. I could have sold at 50 (a break down from a triangle), or 40 (support/resistance before the split)........or the second time it fell to 20 (after the failed attempt to reach 26 again). But, if I hung on until it broke support at ~20 then 16 7/8 is what I have left.
A lousy situation void of all happiness, to be sure, but once I'm out I'm taking a tax loss and making that lost money work for me. Plus, I will then immediately reinvest my remaining cash in a stock with more positive technicals, which will hopefully start improving my situation.
Later, if I am bottom fishing and I want ADPT back (I can buy it anytime after a month has gone by), odds are that it will be the same price, or less than what I sold it for.
(all just my opinion.....please, take it fwiw)
askresearch.com
Hope this helps.
E!
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