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What happened? There are more sellers than buyers. For over a year a chart would show that there was alot of selling pressure in PRGN (probably insiders). The reasons for the selling pressure is often only evident AFTER there has been a significant drop or two. If you wait for the bad news to be reported it may be too late to salvage much from the investment. In January I got heat from this board for suggesting one should not average down and invest in stocks going down. Worldcom, Global Crossing, Sun Microsystem, Peregrine Systems etc. are examples why it may be better not to catch a falling knife because in a bear market it is absolutely amazing how low stocks can go.
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