A nice range forming b/w 6-11.50ish.
When dealing individual stocks, I always encourage at least a basic understanding of what the company does. The company could be under investigation or have accounting irregularities. This stock apparently has both. Here is a quick rundown.
What to do?
Always try to handicap the risk of your investment going to zero. Even though I am a technical trader, I always do a google search of the individual stock I am looking to trade.
The problems mentioned in the article above seem pretty serious. They could be resolved or they could be a real problem. It is very hard to handicap. It really comes down to how much are you willing to lose to find out.
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