Don’t cling to penny stocks with Momentum!
I took a pounding on a short of SYMX. I got caught on the wrong side of a pump, sold my position and licked my wounds. That sucked.
This is moving up very fast and might even be a buy at this point. The stock was flying on no news. It will likely move much higher on news. The company is issuing press (joint venture news today). They will also be presenting at a conference later in about a week. I expect more news to be coming out between now and then. My portfolio took a big hit with this one and I will have to work hard to bring my gains back.
Ouch.
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