Thursday, September 28, 2006 8:52:18 PM
Xanadu
I humbly suggest that you at least begin to trade around your core position. Imo that is the only way you will recoup your losses. There are many books on the subject that offer info on charts, mms, volume indicators, etc. Just remember that any indicator can go afoul due to fundamental disappointments and too many people trading on that same indicator. For example, if a ton of traders spot a potential breakout coming up and go long on it in anticipation, the stock will already be overbought thus nullifying or limiting the upward movement once it does break out. I believe that happened with this stock some months back. Imo this stock like so many other otcs is being sold into on virtually every "rally" so imo it is unwise to hang onto every share and just watch your account value rise and fall.
I humbly suggest that you at least begin to trade around your core position. Imo that is the only way you will recoup your losses. There are many books on the subject that offer info on charts, mms, volume indicators, etc. Just remember that any indicator can go afoul due to fundamental disappointments and too many people trading on that same indicator. For example, if a ton of traders spot a potential breakout coming up and go long on it in anticipation, the stock will already be overbought thus nullifying or limiting the upward movement once it does break out. I believe that happened with this stock some months back. Imo this stock like so many other otcs is being sold into on virtually every "rally" so imo it is unwise to hang onto every share and just watch your account value rise and fall.
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