I purchased huge chunks of this, paper trading over about a six-month period, dollar cost averaging, and just bought a little more while it was basing. As you can see from the circles, the RSI and MACD are one their way up, and this stock has broken up from its basing. For the longest time, as it dropped and dropped, I thought I would actually see it delisted, which would allow me to see what happens when such an event occurs; i.e., the type of notice an investor would receive, would it disappear completely over the following months, etc. I’ve been paper trading for about six months and do a great deal of swing trading based on JBravo, with considerable success. (All kids should be taught how to paper trade. It has just as much suspense and excitement as the shoot-em-up apps they play now.)
How I purchased originally was I was sucked into an Analyst’s long hold forecasted profits for this stock way back when. The education is amazing. Originally I believe it was forecast to have a 26% + return, and as the months and the earnings reports went on, the forecasted increase in stock price fell and fell and fell. It is now at 15. Today it has popped out of its basing, but as was apparent a few weeks ago, it has done it before, only to fall. I will be sticking with swing trading as the analysts do not have crystal balls, and the predictability of reading charts is much easier and more reliable. There is an earnings call within about a week, and it will be interesting to see if this dumps into the dungeon of delisting or rises like a phoenix from the ashes.
How I purchased originally was I was sucked into an Analyst’s long hold forecasted profits for this stock way back when. The education is amazing. Originally I believe it was forecast to have a 26% + return, and as the months and the earnings reports went on, the forecasted increase in stock price fell and fell and fell. It is now at 15. Today it has popped out of its basing, but as was apparent a few weeks ago, it has done it before, only to fall. I will be sticking with swing trading as the analysts do not have crystal balls, and the predictability of reading charts is much easier and more reliable. There is an earnings call within about a week, and it will be interesting to see if this dumps into the dungeon of delisting or rises like a phoenix from the ashes.
