Quote:
Originally Posted by lewdog
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.
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It peaked at 2.70 two weeks ago then they announced an additional share offering at 1.90 which it has dropped to in the past two weeks. currently at 1.99 AH.
The big gamble here is whether the product they are developing gets approved and adopted by vets and if it catches on. How quickly they can grow and turn profits.