Trust me, it was very difficult to sit on my hands and not buy a slice today, as it was yesterday. I had to turn the computer off both days to kill the temptation. Anyone who still believes in the PeeGO story will still have plenty of opportunity to average down your cost, but waiting for the 10 dma to at least turn up seems to be the prudent thing to do.
If you see the volume jump up with the price, then feel free to buy more. However, when you see the price down, and the volume up, as the weekly chart shows, people are dumping. Wait until you get some momentum behind the price.
None of you will be considered a hero now if you nail the absolute bottom. So let it go. Let it bottom and see where it goes from there.
The weekly chart still shows more downside to come. The damn stock isn't even oversold yet, on the weekly chart, believe it or not.
stockcharts.com[h,a]waclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3]&pref=G
The only thing encouraging about the daily chart is that the volume slowed down today.
stockcharts.com[h,a]daclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3]&pref=G
dabum |
