Thursday, January 22, 2015 12:59:02 PM
The original post #2884 related that everyone seems to have their opinion about why stocks go down, but very few support their opinions with evidence.
No complaints by me,other than people trying to explain price movement without evidence. You blamed the retracement to $.70 on day traders and the 1%. What is your evidence? or is it just everyone knows that's how it happens?
I trade stocks on patterns. If say RNN runs up and then drops back from resistance levels. I will sell my shares and wait for the pattern to repeat. When the pattern is broken, a stock makes new highs and holds those gains, then I reevaluate my trading pattern.
What ever the reason for the pattern, it makes very little difference. People just seem to want to blame their favorite "boogieman" if the stock price decreases. I guess if it makes you feel better to blame something fine, but as long as the fundamentals stay positive, I tend to hold my shares, regardless of pps flucuations.
It's been nice talking with you. Good luck to all RNN longs.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM