Correct, nobody is wanting to catch the falling knife as we all know. There is comfort in what could be a double bottom that formed but its being tested. September is traditionally a terrible month for stocks with most of the insto's looking to close out positions. I am trying to pick the bottom but I am in support for loading up the truck in the long run.
If you are looking to make a quick buck though is a very very risky time. Shorts will keep shorting as long as people keep selling. I am always looking for a great stock to average down on through.........
GXY Price at posting:
$2.43 Sentiment: Buy Disclosure: Held
