congratulations, turkey flies! fading is very appealing.
fading is a backward stratey, just in driving, if you want to reverse, you look at rear mirror. do not forget about trend following, that is a forward strategy, most profits from here, like in driving, we look ahead to drive to reach our target.
You're a funny guy, but your starting to quote yourself right after you write things......that's even more funny....
Do I think I control the market?? Well Yes, I watched star wars with my sons three times this month. It's called Jedi Mind control. Try it sometime
Best to you and yours this holiday season. May your next year be filled with fun, love and lots of winning trend following trades!!!
That is not luck. Anyone with a brain can figure out that the IP is worth more than the stock price now. If it wasn't Amazon, it would have been Google or Apple or Microsoft. Everyone had an inkling that below 15 bucks, it was going to draw interest from buyers, and the lower the price went, the more urgency is to buy it before Google or Apple. There was limited downside, the bad news was already out of the bag with their product life cycle delay last week.
Risk is limited. The reward is very high. It's a no brainer to take this trade. Not every trade has to be in some technical indicator. Sometimes, you need to know the fundamentals.
RIMM was hardly a coinflip.. as stated above, the R:R was signficantly better than that. the entry was not for a long term investment, just an oversold bounce. the buyout rumors turned it from a 4 footer into a gimme putt..
speaking of which.. bob, won't be in chat much this week, SLV soon?