Good morning all!
Thought I would kick off my first blog post with a question. Looking at Skyline Medical Inc. and reviewed the 5 day charts, noticed it has followed a similar trend each day. At the beginning of the day it follows a downward trend until about 11am. Then during lunch hour it starts an upward trend to close out the day around where it started--with the exception being Friday. As of 11:30 am, the charts are following the same trend. Would it be worth taking a position during lunch?
Posted Sep 19, 16 11:33 AMbyEPC_Investments
Tickers
SKLN
Today just wasn't a financially profitable day. Tried dip buying but unfortunately the tail end didn't follow the previous days. Got out of my position with a slightly larger loss than I wanted due to the selling que but I'm alright with that. Got out before the stock dropped below the $0.18 mark. I gained knowledge today which is better for the long run.
News came out close to EOD that insiders/CFO selling a lot. Stock went down almost.01 in a hour till close. Bet this thing takes a big dump on the open in the AM. Down 12% today.
My goal with some of these like SKLN is to wait around till I can buy it cheap, see if we get something close to big spike, if not bail quick and don't lose very much.
I haven't seen that news yet, got out when support broke. Will keep looking for better plays in the future.
Join now or log in to leave a comment