If you are going to buy and sell based on chart patterns then WAIT FOR THE PATTERN TO FORM COMPLETELY. If you try to anticipate chart patterns you will lose much more than you will win.
I hope for you sake that TIE never hits 30 again. Why? If the stock hits 30 you will think you were actually right when in essence you can never be right holding a stock that drops 24%.
"The sooner an investor accepts that there absolutely are no absolutes to stocks, the quicker their portfolio results will be in the black, not red." - Gregory M. Drahuschak from "the kirk report"..for stock trader.
So far nother good day. On average, my picks are up 2% which narrows the overall loss from 6% yesterday to around 4%. But this can change as well should the markets go lower and resume the prevailing downward trend. But it may not go lower. The bears are finding it very difficult keeping the nasdaq below 2020 (nov 2005 support point)and there is alot of buying in the 2050+ range. Perhps the worse is behind up. Or not. But there has been ALOT of buying going on in the last two days. But a 4% overall peper loss isn't that bad. I some many of you guys have had a 4% paper loss on an investment before.
You talked about how much money your picks are making and now you are telling us these are paper (yes it is p-a-p-e-r, not p-e-p-e-r) losses.... What other imaginary things do you see
strk/stok...what happened to you're "desk"? I guess they are waiting till the spoo prints a 13 handle?
Another good day. Bears still can't keep the market lower for very long. Too much buying strength. nasdaq rebounding. http://finance.yahoo.com/q/bc?s=^IXIC&t=1d&l=off&z=m&q=l&c= The summer selloff may be over for good.
what??? the market gapped DOWN at the open...and if it breaks into the green...that is just barely maintaining a weak 3 day recovery after stong selloffs. there is minimal buying strength here...which is why the market has been trending DOWN since MAY. this is NOT a good day...this is a sideways, low volume day with few opportunites. you still havent come around??? after this long insulting thread you STILL you see it?
only down about 4% overall since I started this thread. I hardly consider that to be a failure. yea the market has been trending down since may, but thee is no law written in stone that says it cant go back up. the thing is shorts, youguys are playing with fire. The markets have given back alot since mid may and as prior history has shown the nsadaq trades in a trading range between 2000-2300. Once the bottom is hit it goes back up which has happneed about 5 times since 2003. Where do you want to be when it goes back up? Long or short?