posted                   

To find out if the stock will reverse from here, the prudent thing to do is to place a sell stop right under 5.00.
I would get out on a pop, for the stock is making new 52wk low from an oversold condition (RSI has not yet crossed back above 30) and the semis are out of favor (SOX, NDX also breaking down).
Whatever you do, do not let the losses pile on and think twice before averaging down.

Posts: 69 | From: San Jose, CA, USA | Registered: Jun 2003  |  IP: Logged |