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Here is what is currently happening.
I'm happy with this trade. I bought on increasing Highs and lows and breaking day high. Put in a bid at 2.78 and waited almost .5 hrs. for it to come to me. Price consolidated and then dropped. I got out with a small loss. Worried news of the stock qualifying on the Nasdaq's minimum bid price. I'm not sure if this would have a negative effect on price.
Another bad trade. Bought this on Friday morning after a spike. 1)I didn't let the breakout prove itself. 2) It had really low volume. 3) I held it all day hoping. 4) I held it over the weekend. Really I made a small profit but I consider this a lose. DON'T BUY AND HOPE. GET OUT FAST AS SOON AS YOU REALIZE YOUR MISTAKE.