"at a ratio of not less than one-for-five and not more than one-for-fifty at any time prior to December 31, 2018"
I'm already in it for a good chunk and I can't decided if I should sell immediately upon market open on Jan 2. or risk it all for an upswing.
UnknownUnicorn1020621
⋅
@ItsWilder, Thank you for sharing this info. I predicted the fall, but if its a reverse split within 1 year, . In that case holding this long is like taking a huge risk. The reverse split occurs for good and bad reasons but it is generally welcomed with a massive volatility.
However, this one has a bullish technical setup, I expect a bounce at dark blue 2/1 Gann level before it goes up for the 3rd wave. If it doesn't bounce, I don't know when it will recover. I usually go in after a confirmation, If I was holding this right now, I would put a stop loss below wave 1 (2/1) because wave 2 can't retrace more than the wave 1.
@Avasreader, 0.52 would be my stop loss and i would get in if it gains. but thats me...
ItsWilder
⋅
@Avasreader, Thanks! I'm in it already with 2 positions - 0.59 and 0.52. I think I might sell 3/4 of my overall position on market open then wait to see what happens. I think you're right though about the stop loss - 0.52 would be a perfect bottom for me.
ItsWilder
⋅
@Avasreader, I can't figure that out either. I asked the same thing and someone on stocktwits said, "only 500 shares, before this deal was 2,000 shares at 0.45"
I'm not exactly sure what that means because it seems most people don't speak in complete sentences on that platform.
UnknownUnicorn1020621
⋅
@ItsWilder, That means the shares were artificially increased in price (low volume trading). 0.45 should be the real price.
ItsWilder
⋅
@Avasreader, Gotcha. Gonna be a stressful Tuesday morning for me.
UnknownUnicorn1020621
⋅
@ItsWilder, search the term "RSI" in the indicator tab and Get a cm rsi 2 hb upper indicator, As long as the price is over the indicator, you do not have to worry. If it goes lower, its going to be messy.
ItsWilder
⋅
@Avasreader, Interesting. If we assume the price is artificially pumped and the real price is around 0.49, it still looks good because the indicator is sitting just below 0.44. Hopefully, that indicator is right - fingers crossed. Thanks for all your help!
"at a ratio of not less than one-for-five and not more than one-for-fifty at any time prior to December 31, 2018"
I'm already in it for a good chunk and I can't decided if I should sell immediately upon market open on Jan 2. or risk it all for an upswing.