Hahaha - I was waiting to get nailed on that one...
Different boards use slightly different acronyms - ie. you guys call the 200 day moving average a 200 DMA. I use 200 SMA and EMA - cause they are both different. I know what a reverse stock split is (just didn't know you guys called it an R/S), not really much on trading it per se - like I do for an excessive regular split.
And I apologize for not easing into this board and coming across maybe as some know it all... but its just I read a lot of posts from what appears to be new traders trying to be longs doing a lot of intraday trading (which is swing trading) and they are getting whipsawed (and not taking the general market into consideration). I'm a pattern/swing/TA trader... so I was just trying to give my two cents on how some of them trade and what numbers they would be looking at. To me this stock is behaving how it should, and I did actually trade it and squeezed out a 50% gain in a couple of days... by using those numbers and sticking to the plan. You had other posters mention the 200 day, and looks like some people wanted out, but didn't pull the trigger. I've gotten hurt plenty of times back when I began... like with AAPL- I was long at $15 and rode it to $75 when I first started... then when the water was clear again at $100 or so, I got in again thinking I was long, but then I thought I'd start trying to catch the highs and the lows, and lost a lot of my profits -
I'm not giving advice on when and where to buy - I just pointed out where the support and resistance levels were that TA guys use - which of course aren't right all the time (I'd be a millionaire then - well, if I could control the impulse buying and selling - which is a struggle for everyone - but gets better over time if you recognize it). And, just pointing out to trade your plans. When I deviate from the plan I lose a lot. When I do work the plan, I get gains. Also to learn what the other traders are doing (which is how I got big into TA) to better my trades. Even today the stock has traded between 0.40 and 0.44 - and I posted yesterday -
"I got 0.44, 0.43 and 0.39, then the big daddy of 0.35 for tomorrow (at least for lows) - but those are muddy - so not playing - today's uppers were pretty clear. My tea leaf hocus pocus IMO TA.
-disclaimer - I'm wrong all the time."
Again - apologies, and I'll sit back. And like I said, I was in and out of that AAPL run from $99 to $202 so many times it killed what would have been a great 100% gain. And I've hurt myself plenty of times after that - its hard work to stay in the game and build profits.
So I apologize for coming across as a jerk.