InvestorsHub Logo
Followers 1
Posts 820
Boards Moderated 0
Alias Born 08/11/2017

Re: hopester post# 1815

Sunday, 06/24/2018 10:40:32 AM

Sunday, June 24, 2018 10:40:32 AM

Post# of 3683
I never said you were looking for capitulation. Don’t be so sensitive. It makes for a bad dialogue here. Emotional response are NEVER profitable in any market.

All market professionals look for a capitulation moment when deciding to enter or a blow off the top to exit a position. I unloaded my position when at 2.84 ish . I was happy with my return . Locked in my profits ( forever) and wait indications to favor a rebuy of a company that I believe in. You were correct when you said it was overbought at that time. You are also in the ballpark now saying that it is in oversold territory. You and I both saw heavy volume when it was overbought. I think we need to see some heavy volume on the oversold territory as well.

Good luck Hopester,

S4B