Hi Sharman,
Dont loose heart, even if the SP was to fall sub $1, which IMO it will, What I can tell you is over the last week, we have seen the SP fall below the 200 day SMA ($1.47) pretty quickly. The SP has to atleast check on the resistance once before falling sub $1. We will see a nice jump to around the $1.47 mark once, so there is money to be made there.
However I would like to caution you on one thing, once the SP hits this $1.47 mark, take profits and get out as later the 50 day SMA which will drop below the 200 day will then act as resistance, which will keep falling below $1.47.
ML173, as you got in at $1.09 I would recommend you to take profits once you see the SP hit the $1.45-$1.47 mark. As thereafter the SP might fall back to around a $1 or below creating another buy opp.
I hope you guys get what I mean.
Cheers,
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