Looking at the Friday closing price . The Bad : POS remains...

Looking at the Friday closing price .

The Bad : POS remains under pressure from the sellers ! ( Red Candle on the Weekly Chart )

The Good : Very strong Support Levels 12 , 11 and 10 cents !

The Ugly : A drop below 10 cents will trigger an Elliot Wave 3 of 0.090 to 0.087 Target !

I don't believe it will drop below 10 cents , unless there is another CR coming or some bad news !

What i believe is that POS at this point of time of there Business is not a long term investment Stock , it is a cash burner .

Have you guys heard about a Stop Loss ? The first thing when i enter a trade is to set how  much money i am willing to lose . It is a handy tool to have , it protects you to prevent the "it will come back" mentality and limit losses before they escalate.

As Chinese military general Sun Tzu's famously said: "Every battle is won before it is fought." The phrase implies that planning and strategy - not the battles - win wars. "Plan the trade and trade the plan." Just like in war, planning ahead can often mean the difference between success and failure.

Have a nice weekend everyone , talk to you next week , well maybe LOL .

Ichi...