Ya i agree, i know the pinch isn't the tightest put it is still there. Yes the RSI isn't quite to 30 yet so i do agree that there isn't full confirmation, i usually wait to cross over the keltner channel also for confirmation, but this seemed like a solid opportunity yesterday when i bought it.
I used this board a lot when i started trading almost two years ago, i was 18 and just started out stock trading and this board helped me a ton when i just started so i would like to use this opportunity to say thanks to all you guys. I've decided to come and see if i could help you guys out with some trades too. I usually use a form of the pincher strategy to trade stocks between $1-$8 of course there has to be a much larger investment considering i'm only looking for 10-20%, but it's been working. TSYS is an example, i bought that this morning. Good Luck and lets make some money!