Nov.6 buy back on EG

Previous blog entry:
For trading: 

EG just dropped 15% with relatively lesser volume compared to vol on run up. If 0.044 holds, will buy.. otherwise, ready to buy 0.039..
remaining shares remains for show-good-performance stock 

Saw again EG down 12%..with 0.039 monitoring price I was ready to spare some fund for initial buy back..bot at 0.035 aep now at 0.033. Closed at 0.033

Chart:

-increasing vol of sellers..i supposed price could continue to go down. 

-MACD and STS direction south

-trend is down

-4th day red

why did I buy?

-stop loss at 0.030

-recent run up to 50% opened at 0.032

-current price at critical level..sitting somewhere 30/50 MA

-Heading to north or south

-sentiment is fear

-I am betting for profits...EG is a candidate for a bounce.

Plan:

North- sell what I bought at 0.035

South- cutloss at 0.030