3SOF

ouch , a huge pullback of 30% ... it doesnt look healthy to me ...
what happened?

I guess the board is back up.  GLGS is taking a big hit today.  Any thoughts ?

Is it profit taking place or there is any bad news behind it?

I checked the news sources, but the general market action suggests its profit taking. Those guys will be back tomorrow at higher prices, I assume.

But remain on guard.

Where is the stop price?

anybody buying the dip??

i am sweating watching it freefall ... damn forgot to put a stop .
hope we didnt fall into a pump&dump by the MM's.
and i really wonder how they can reach $3+ after such a setback.

opinion?

Thanks

Hopefully just a shakedown.. I bought the dip.. Doubled up at $1.74

Today is only June 21th. It would be hard to be at $3.13 at June 30th without many shakeouts along the way. We were too close to target and too early on time. I wont even look at the stock until the end of the month, the potential reward is 70%, the risk is no more than 10 to 15% ...

Good afternoon !

thanks a lot for ur insight again david.
i feel much better now . 

I should have listened to my gut and sold this morning. It still may well get to $3, but I don't like holding for a .45 shakeout of my position.
Oh well, my fault. I had a mental stop in place and was too busy watching my rear on DSTI when the huge crash happened. Guess i should go back to hard stops, my carelessness screwed me this time.

Thanks Dave. You confirmed my sentiment as well.

The only thing that perhaps is looming is an engulfing candle today. Perhaps it will not confirm tomorrow. Like Dave says the deadline for compliance is still a week and a day away.

Can't wait to read David's analysis of today action...eom.

I don't see the wisdom behind the holding of GLGS, when it was very obviouse the stock had a short term pull back comming...  For those who bought at the open on Monday you had 10% to 20% on the table...now you are looking at a loss if you sold at today's close.

Could someone please tell me the wisdom behind the "hold" rather than the sell and buy it back or sell and go else where?