After all my moaning and groaning, I too added to my position at $6.25, but only a little.
The problem with continuing month after month of repeating the NASDAQ listing story is that it may bring in some short term trading with eventually lowers the stock price when nothing happens. certainly, the listing would be great, but if it happen today, we might see a short term $7.50, then a sell-off from day traders, a price somewhere between $7.50 and $8 and a wait for the next news. Rainer one said the the stock needed to be above $8.32 before we'd see anything substantial in upward trending and all his TA has been right on the money.
While I can't help looking at the dailies, I'm here because I believe a year from now, I have a $14 dollar stock. Percentage wise, I may do better from trading other issues but I'm past the point committment wise where I need to wait and see.
Sure, I want the NASDAQ listing, but it won't be an end in itself, and I don't believe the short term kick will be more than 20%. |
