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Re: PinkElephant post# 10058

Saturday, 05/05/2007 10:10:06 AM

Saturday, May 05, 2007 10:10:06 AM

Post# of 51429
PinkElephant, I think he was more talking along the lines of something like the below. I've done it... sold a ton of one stock at $1.50 or so because it was going down and bought a ton of another stock at $.50 that I thought was ready to take off because it was starting to go up. Turned out the stock I sold out of at $1.50 damn near immediately turned and went to over $20 in under a year and the other stock went to under a penny! Yeah, screwed that one up. Point being (I think) is that when the stock is down people are sometimes inclined to sell but what often happens is the stock bounces back (because it is very low)... similar to the image below (borrowed from an old post by DrFeelgood) LOL



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