well Nick_crx, i've only been doing thissort of trading since...

well Nick_crx, i've only been doing this
sort of trading since the '60s so perhaps
in your terms i am a 'novice who has no idea about
market dynamics'....
i am quite used to this sort of personal abuse
and vitriol being directed at anyone on HC who
disagrees with the people who happen to be hoping
for a share to head in a particular direction - in
much the same way as a market analyst is blacklisted
by major corporations if he dares to put a sell
recommendation on any company, but neither of us can
influence the stocks direction.
unlike you, i don't possess any psychic ability and
simply face the facts as they present themselves -
last week this stock popped up on everyones' radar as
a trading opportunity and it ran a bit on rumour and
hype. now it has retraced and sellers outnumber buyers
3:1 and it looks like heading lower still whether you
like it or not.
this stock may do well in the future and if and when the
'market dynamics' change and the buy/sell ratio swaps
around with buyers outnumbering sellers 3:1 it would
make some sense to buy in again - but not now imo.
by the way, i would think that it is a sign of maturity
too not become too emotionally involved with any stock.