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Re: blindinvestor post# 585

Monday, 05/15/2006 9:51:49 PM

Monday, May 15, 2006 9:51:49 PM

Post# of 51905
Unfortunately, there's a difference between being positive, and making money. Sure, eventually, ARSC will make money, but until a bonafide uptrend begins, how long will the downtrend continue? In some cases, it gets downright ugly.

In large part, there is a science to charts/trends, and understanding them can be most profitable.

Case in point: IPRE

I recently bought when I thought it had bottomed at .0016. Noop! By .0008, I gave up. My mistake. Though the downtrend continued, it also reversed and flew right past even my original entry. Granted it fell 66% from my original entry, but I should have bought more, at those lower levels, than to bail. I bailed more than anything because I suspected the present ongoing dilution was signs of a future r/s, which I had no desire to be part of. Not that it might not still happen, but it didn't happen in the timeframe I could have held and turned quite profitable from.

Since I do not see ANY likelihood of an r/s in the near term, to avg. down would be my only suggestion, but mind you, this is only MHO.

L~



"took me 3 long years to make a million bucks over night"

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