With tax time around the corner and the release of the shares under escrow and the announcement last week on a trial with just 17 participants, you can understand why there is such a sell off and as I mentioned before, this is backed up by the indicators.
Holders are selling and lining up below to buy in cheaper, rather then hold and see profits slip away.
Stock market is all about locking in your profit, not about being loyal and watching your capital go down the drain and hoping it will come back up.
When your capital is tied up and your share price is falling, you not only miss opportunities elsewhere but you could have sold out at a higher price and bought back the company you fall in love with at a much lower price.
MNQ Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
