Flick,
"The Chart looks good??????"
Beg to differ, two days does not a trendline make. CYMI had FIRM support at 15 going back over a year, it broke below it and is now waffling, CYMI has a lawsuit against it, slowdown in Asia, pushback of delivery dates due to lack of demand, etc, etc,.
I've reduced my 4200 share holding down to a measly 500 when it was around 12. I agree with some other posters on this thread that it could go lower. Suggest holding back until a SUSTAINED uptrend is developed. You may miss the first points of any rise, but you will also miss any further price erosion.
I really like CYMI as a company but have bled too much green($$) to keep the faith any longer. Will be back.
Happy Investing.
Gary |
