AI
Thursday, February 22, 2007 9:20:35 AM
Thanks for the response. I'm aware of the risks of course. Nothing wrong with comforting each other around the fireside singing 'Kumbaya'. 
At least now we have a discussion. Useful to newbies, like me, who may pick up snippets, (such as stocks can go down as well as up).
Agreed. The fundamentals haven't changed and it's good advice to remind investors of such. I recently had a classic example with XING. It sold off steadily until it reached my maximum pain threshold. I bailed the day before it reversed and I ended up missing 20% of a 60% surge. Not for the first time.
Anyone agree with an entry point for ITKG around 2.70-2.75, if it bounces off 'support' at $2.67?
http://quote.barchart.com/texpert.asp?sym=ITKG
I would like to add more. Charts cannot predict, they can only give us the setups. Playing expected trend reversals is riskier than jumping on confirmed trends, though the rewards are also higher when they pay-off, just the typical higher risk: higher reward relationship.
With my other stocks doing well, I hope to be in a position shortly where the investment in ITKG is play money.
Watching for the next reversal...
At least now we have a discussion. Useful to newbies, like me, who may pick up snippets, (such as stocks can go down as well as up).
Agreed. The fundamentals haven't changed and it's good advice to remind investors of such. I recently had a classic example with XING. It sold off steadily until it reached my maximum pain threshold. I bailed the day before it reversed and I ended up missing 20% of a 60% surge. Not for the first time.
Anyone agree with an entry point for ITKG around 2.70-2.75, if it bounces off 'support' at $2.67?
http://quote.barchart.com/texpert.asp?sym=ITKG
I would like to add more. Charts cannot predict, they can only give us the setups. Playing expected trend reversals is riskier than jumping on confirmed trends, though the rewards are also higher when they pay-off, just the typical higher risk: higher reward relationship.
With my other stocks doing well, I hope to be in a position shortly where the investment in ITKG is play money.
Watching for the next reversal...
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