I totally agree and I will throw in a trailing stop if I see it coming but, as a back up, I have a hard out at 3.15 which I am comfortable with. The problem is... I cant watch the ticker all day -- I wish!
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I totally agree and I will throw in a trailing stop if I see it coming but, as a back up, I have a hard out at 3.15 which I am comfortable with. The problem is... I cant watch the ticker all day -- I wish!
So off topic but a stock (MTG) i have been watching and playing a little bit makes zero sense to me. So the quarterly report came out and was pretty horrific if you ask me going by this
http://www.jsonline.com/business/mgi...193835741.html
the stock closed at $2.80 yesterday. earnings this morning. I watched the pre-market price and saw it hit $2.17 and was basically up and down in PM. I expected similar downside during regular hours but the sucker is up. I cancelled a buy I had in yesterday at $2.54 and thought I was a genius looking at pre-market.
I don't understand how anybody who read the above would want this stock. I have a lot to learn on how to play this game.
I kept thinking of putting my order back in in the 2.50's thought better of it. wish i did cause every time i looked at it, it was up .10 more cents. was about to at $2.96 and said forget it. thank goodness as it is dropping now.
Glta, but I cant see being out of Siri at this time. Buffets rule is buy when everyone's scared. I loaded up on that first dip to 3.02.
My accoutant mentioned some thing about Buffett forecasting a recession. I haven't seen anything. Others?
I agree with "buy the fear". I just don't think we've seen the scary stuff yet and I want to be prepared to "buy" the fear by having plenty of cash to do just that. I don't wish anyone bad trading but I don't feel like this economy is about to take off and justify continued historic highs.Quote:
Originally Posted by Redcloud
^ this ^
Does anybody think that the big thing to come with Buick is telematics at the end of this year. From what Mell was alluding to?
Do you see what I see? Interested in your opinions. Refer to Stikky Charts pp 136-137.
Hopefully I can figure out how to paste in an image....still learning.
Attachment 896
Nice find, Spoons, and yes you did fine on the attachment. That is pretty scary in my opinion.......... For those not in touch withQuote:
Originally Posted by Spoons
"Stikky Stock Charts", what Spoons is pointing out is called "broadening trend lines" which signal total disagreement between buyers and sellers. Furthermore, "if it ocurs after an uptrend, the most likely next move is down".............. Exactly what we have here is this broadening pattern following an up trend.............Uh Oh.
removed 3.15 sell... watching like a hawk