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Message: 60c Again

Frenchy
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60c Again

posted on May 14, 09 08:03AM

Well, there it is at 60c again. Anybody reading my posts knows that I think this is a very important technical level, so im curious how the stock reacts here. Put another way, this could be a nice opportunity to get in if looking to do so. Alternatively, you could roll the dice and hope price breaks; then you could buy shares most likely at 50c. We all know what happens when you try to time the market however: stocks have a nasty habit of getting away from you trying to look for the perfect entry point.

Blindinvestor is right though: the price now does not matter if you have the long term horizon. The stock is destined to go to $1, then $1,50 and above. Personally I am a STICKLER for price, as I don't like to get underwater on price; makes me nervous.

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