cos1000...Originally Posted by cos1000
I agree with what you say. First. On the SEC, I learned first hand how outrage and contacting the SEC about it has no connection. I called them a few times regarding scam companies who do nothing but rev split and then suck in new investors only to rev split again. I happened to have been in one at the time. The SEC knew what I was talking about but said I would have to bring a lawsuit if I expected retribution...even though he admitted knoeing it wasn't fair, he said could do nothing else for me. So many legal loopholes in the SEC laws that are next to unprovable it's silly. Try a lawsuit and then you look stupid and waste a bunch of money like hartlieb. Lose/Lose game. Better to work on beating the MM's at their own game IMHO...which just takes a stategy and only costs brainpower.
Second, we are out of the territory where it always makes sense to sell on dips if expecting a bigger move higher. You should be adding to the positon. Coming fromthe basement, most of us hold positions in the teens or even single digits, where you could buy a boatload of shares for next to nothing. Sell here, and you get your profits but without adding significantly more money to the mix, you will not have as many shares for part two of this correction, thus will make less money overall than the one who held high shares and even added here and there. Now if you're day trading, different story (but even there you need to hope that there is a reliable channel and time to keep capitalizing before this thing moves higher for good). but until we see the new pattern, day trading is pure guess work right here and a bit dangerous. JMHOAlso...
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