quote:
Originally posted by dgrimes333:
Bought at .035 fell to .019 today. Please give me your thoughts!!!
First off, dgrimes333, welcome to AllStocks. Now, as per your position in VCSY, I wouldn't worry too much. From the looks of it you bought in at the high on Thursday when the stock was wicked overbought (RSI at near 100) right before it took the plunge (which is almost inevitable in pennies) on Friday and by the looks of things that was attributed to profit taking. Understand, with pennies, once a stock reaches 20%-25% gain in a 24 hour period the short term investors take their profit and run. It doesn't mean the stock is bad they just aren't interested in "investing". You just happened to buy on the high right before the downtick. I briefly read over their last 10K and it looked pretty good. The 6 month chart also looked good so don't worry about the day to day happenings. First, remember why you bought the stock and what interested you in the stock (must have been some solid info that made you say "these guys have a good company here") and second, you only lose money if you sell. You may have to wait a little for it to get back up to where you bought in and higher but that is the ebb and flo of the market. I suggest you keep reading up on this stock (she seems like a keeper to me in the brief time I looked at her) and read over their filings (www.sec.gov) heck give them a call and I'm sure they will encourage you as an investor in their company, and most of all trust your dd!
FS ~