1. Trend is your friend 2. Don't try to catch a falling knife.
All i can do is laugh and tell myself i told you so. I think im down 25% from my original purchase recently, but stupidly i have continued placing buy orders not only on the heads but options also and sadly they keep filled. I have created myself a problem now as i cant exit even if i wanted too as there not many buyers. I strongly recommend don't do what I have been doing chasing the bottom as the market can stay irritational longer than you can stay financial. Personally has cost me a lot of money. Its quite clear a large holder has given his broker clear instructions just to liquidate his position and he will continue to sell as the liquidity is there. It could even be for a silly reason for a divorce settlement. Gods knows but i dont see any indication of the selling slowing down until his position fully liquidated. I wouldn't even take a guess at what price it may stop getting dumped into but im guessing the holder exiting really couldn't care as he has more pressing problems than his holding in MTM to worry about. If i was a smart disciplined investor i would have waited till the stock was in a clear uptrend but i didnt.
MTM Price at posting:
4.4¢ Sentiment: None Disclosure: Held
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