it had many bounces on its way down. Why should this be the bottom?
NickTudormore
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@BORGG, I can't answer that definitively. I have done very well by waiting for some location where I think "this might be done going down". I have never been perfect, nor will I ever claim to be. I am long with 0.5% of my account in stock with a fill of $1.91. I have no stop, but I am willing to dump the position if I feel like I am wrong. I am currently up 9.95% and I have no real plan here. Also, I'm just posting my trades for myself.
BORGG
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@NickTudormore, got your point. However, for me it is no clear break out. You might have a good trade with any bounce. Could even go as high as 2.5 or 2.7. But at the end it will keep diving i guess.
edit: if it reaches that i would sell it, if i was you. Take the whatever 40 or 50% profit and enjoy :)