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Old 03-01-2021, 06:24 PM   #8063
jjchieffan jjchieffan is offline
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Join Date: Dec 2005
Location: Highlandville, MO
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Quote:
Originally Posted by lewdog View Post
I could maybe see ZOM. It's retraced close back to prior breakout which could be a good entry, above $1.50. If I pulled back to $1.60-65 you could get in and set stop loss at $1.50 for 6.2% risk.

Or better yet it would be nice if it would move sideways and consolidate nicely for a bit. Then you could look for new breakout on momentum up. It's healthy for stocks to move sideways after a breakout as many times this is shaking out the weak hands before a higher move.

I'm in ZOM. Have been since last summer. I originally got in at .22, before their offering at .16 that killed it for a while. I rode it all the way down to .07 and averaged down. Sold some off when it hit my average, but I'm sitting with 11,000 shares and a .16 average. ZOM has been one of my best investments. I'm glad that I stuck with my DD and held onto it when things looked bleak.
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