I agree Winner, thanks for the helpful chart it provides a timely perspective.... Disc; long term holder and still holding.
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She's rolling... next we will get some of yesterdays picnickers jumping in... this stock is like a Shakespearian play.. priceless
There's confirmed resistance at 120c. If as you say Croesus it breaks through that on first attempt, it would be very bullish and probably only do so off a positive announcement. Until we get one, a more likely scenario is a lower high around 115c. The NASDAQ Biotech sector has held to last Friday's support level of 2250 but has not yet bounced back to close higher. Tonight's trading for that sector will be more definitive. Trading to it.
Meant panic ers...
I think anticipating a bounce like that may be using the ''pre correction'' line of thinking that perhaps created the over valuing in the first place unless your anticipated announcement did come to pass.
Your talking a 25% rise
We saw what happened when there was a small rise for a day in the Nasdaq last week.-might be good to tread carefully for a while-Good luck just the same
Ill be watching from the sidelines
Don't get sucked in, guys - stay at $1.00 or $1.01 if you are keen on topping up.
Sellers still around - just watching one another and seeing if each will sell lower.
Another very good site I overlooked and was reminded about it a few minutes ago.
...KW's thread here on Sharetrader.............Using TA to time Entries and Exits
What happened last week is sellers used the rise to bail on the Nasdaq so the above would be good advice