To OTC Journal Members: 
 

Two Beat Downs; Stand By

I just wanted to publish a couple of quick notes on two stocks I've been covering and have made comments on recently. 

First on China Recycling Energy (CREG)- someone is selling the stock fairly ruthlessly with little regard for price. It started two days ago, and the stock is continuing to drop- now challenging the $3 level was it was nearly $5 in the past two week.

With the 61.8% retracement level of $3.67 giving way, technically the next level of support would be about $3.07, which is where we are now. 

For those of you who watched this stock run up and wished you were in, this is a heaven sent beat down. For those of us who wish we had taken profits, c'est la vie. It is what it is. I still believe this is a $6 to $10 number down the road.

If you bought in this sell down, hang in there. If you haven't, and are looking for some sort of bottom- let's see if we hold for a few days right here. If it stabilizes on lighter volume, you'll know it's time.

Also- Tappimune (TPIV) is selling down to day as well. Since this is a pre revenue speculative idea, I would be cautious. I'm looking for some developments out of the company that will be exciting, but my SSL of $.40 stands. If it gets down to $.40, you might want to think about preservation of capital. Looks like it's hanging in there around $.50, so no need to panic.

Home Page : www.otcjournal.com
Email Questions or Comments To: editor@otcjournal.com