Eric,
Hope the trade brought you a good return. Not sure why people don't like day- traders but they provide liquidity. People have no problem if the share price is pushed up but seem to have a lot of animosity when traders sell out their position and push the share price down.
On a purely technical trading perspective what you did is the correct move. When the stock failed to reach a new high (stood at 14.5cents) and there was a retracement (opening at 14cents and then hitting 13cents) you sold.
I am pretty sure that if the stock does run up again you will be watching and playing it again.
There is quite a few traders, especially in the last 3 weeks, in this stock just looking at its movement.
Hoping you will enter the stock as it moves up in the short-medium term. If you do re-enter would likely mean that the stock price would be >15cents.
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Eric, Hope the trade brought you a good return. Not sure why...
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