Larry,
glad you got out Monday... the thing is, if anyone wants to keep your position, all you do is wait for it to bottom out, and rebuy at the cheaper prices. that's my trader mentality coming out, of course, but it is better than enduring that agonizing fall. Someone, Theo I think, made the statement this week that you sell when the mm's are short selling, and buy when they are covering... good advice, imo. it's totally their game right now, and until something changes (there is buying pressure, etc.), the stock will continue to drop. the stock is at a critical area right now, and if it breaks this support, it's going to be ugly next week, as well. if it holds, then perhaps there will be some buying.
best,
kim |
