Alan,
Just took a moment to look at NUKO...wow. I guess the symbol says it all.
I tend to agree that ANCR appears to have support at these levels, and if it can close this week, with all of the poor market action, that will be very significant. Of course, it could deteriorate over time, falling on low volume and its own weight. And it could get zapped by margin calls and matters unrelated to the stock itself.
This is a fairly safe zone, especially with the confirmation of support in the mid $5s. But be very vigilent. Scenarios like NUKO are not as unlikely as we'd like to believe.
If the rest of you haven't seen its full horror, it's at
iqc.com
Good luck to everyone, and pray for a sideways movement at worst...don't play the hero...the name of the game in this market, to a great extent, is to be able to return to play again.
Best wishes, and good luck...still not in as yet,
Ed |
