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Hi, new to SI...been lurking for awhile, finally decided to cough up the $60.00 and join. I have a few questions about MHMY...why is it up--I mean, why is it even above $2...for christssake, it DOESN'T even have an on-line service--, how low will it go, and when will this happen? I followed the rule of "If it's supposed to go up, and it doesn't, then it's going down" to short MHMY earlier at 6 1/16...it had gapped up preopen and sunk in the first few minutes, so, like a moron, I shorted it with everything I had to my name andthensome(margin)...I'm poor and fresh out of college, and obviously young and stupid...anyway, is this POS going back below 6 1/16 anytime soon? What should I do? I'm really scared...should I cut my losses? I started with ~$6,000, went into margin and shorted 2,000 @ 6 1/16, and am now ill. Any advice, from A@P or anybody else would be greatly appreciated...thanx. |
