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Wednesday, October 25, 2006 8:55:40 PM
SLJB - Today was another good evacuation day for the stock. Folks got what they wanted and so did the long term thinkers.
It is a tale of two sell-offs...Monday was a sell-off into the hype caused by the misread of the "with any luck". The euphoria caused a run and those with shares sold into it and maybe we got 10M or so out of the "overshared" longs hands...The price held nicely with the new buyers and maybe some wessal. Monday strengthened the stock because it is better to have 50 shareholders with 500K than any one with 25M...
Today was the flip side with another long term strengthen effect. It got rid of the liars and quick penny longs some of whom may pose as long termers until they find a speedy exit. I am not pointing to anyone in particular but they always hide among folks with high hopes. Wessal and some long term believers love these type of panic sell days. In fact, the 50 DMA was breeched for the 1st time in a long time (month or so or more) so I consider today an official sell-off in panic day. To this I say good riddance to some and bravo to others.
Also folks beware the PM..misery loves company so believe me some of the folks who sold in fear will come back to haunt this board and you. They will test your resolve for one reason. They don't want to get left behind because of fear and the others are just messed up individuals...
So all of this stuff I said is all IMHO but I believe it. Success is a hard task master and either SLJB is a scam or it will only come through for the pioneers who stick it out. Pioneers die or lose it all but they also make the most money.
What's it going to be...Crisis or Opportunity...Choose
It is a tale of two sell-offs...Monday was a sell-off into the hype caused by the misread of the "with any luck". The euphoria caused a run and those with shares sold into it and maybe we got 10M or so out of the "overshared" longs hands...The price held nicely with the new buyers and maybe some wessal. Monday strengthened the stock because it is better to have 50 shareholders with 500K than any one with 25M...
Today was the flip side with another long term strengthen effect. It got rid of the liars and quick penny longs some of whom may pose as long termers until they find a speedy exit. I am not pointing to anyone in particular but they always hide among folks with high hopes. Wessal and some long term believers love these type of panic sell days. In fact, the 50 DMA was breeched for the 1st time in a long time (month or so or more) so I consider today an official sell-off in panic day. To this I say good riddance to some and bravo to others.
Also folks beware the PM..misery loves company so believe me some of the folks who sold in fear will come back to haunt this board and you. They will test your resolve for one reason. They don't want to get left behind because of fear and the others are just messed up individuals...
So all of this stuff I said is all IMHO but I believe it. Success is a hard task master and either SLJB is a scam or it will only come through for the pioneers who stick it out. Pioneers die or lose it all but they also make the most money.
What's it going to be...Crisis or Opportunity...Choose
Make the entire world your Oyster
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