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Re: None

Tuesday, 10/10/2006 2:23:32 AM

Tuesday, October 10, 2006 2:23:32 AM

Post# of 326355
OT: Stock Tip with WHY I bought....

In Mid-September I took a large initial position on GZFX. Well, I actually had a very small position, but I added pretty big in Mid September.

Why? Bottom-fishing? Greedy? Guessing?

No, No, No.

I bought because a complex floor was being laid at .004 and to this point it has held......AND the Chaiken Money Flow has turned positive on the daily chart for the first time since March of this year despite the fall in price. This "implies" that a base is being laid and smart money is coming in to buy.

The next part is very important: IF I am wrong (and I have no problem with that) I will know EXACTLY when to sell. When? on a break of .004 on a CLOSING basis. Since I bought at .0042 I will have no problem getting out in a very calm manner. IF the floor holds and money continues to come in I will look for breakouts ABOVE resistance to add to my position. I will ONLY add to a position as the stock RISES and proves it's strength by overcoming hurtels. I NEVER buy a falling knife.

That is how I do things. It is NOT a huge gamble or a crap table. That is NOT what the stock market is about. Only those who don't know how to play it think so.