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Re: Johnnyv post# 2093

Sunday, 08/26/2007 5:25:07 PM

Sunday, August 26, 2007 5:25:07 PM

Post# of 11478
"But what I do resent is that his promotional ties to NNRF clouds his TA of NNRF.(IMHO). When the stock broke down from $4.80 range ST interpation was flawed ,(again in my opinion.)"

What really threw me off was his excellent T.A. on the daily breakout stocks. I had no idea of his bias based upon being paid in any form from the 'long-term holds'. As I watched both cfpc and nnrf implode (those are the only two I put any money in), I kept thinking; 'but he surely knows what he's talking about technically since his analysis seems so objective on the broader mkt and daily stock b.o.'s.'

When Richard first mentioned NNRF & the move out from a triangle going up, I had a twinge of doubt. Even I knew this only meant the move would be strong in 'either' direction...not necessarily up.

Then when cfpc gapped down after the recent rally, I knew this likely meant an end to the uptrend for the foreseeable future for that stock. Still, because he seemed so great on his t.a. for other stocks, I decided to give him the benefit of the doubt....much to my disappointment, so far. I'm thankful I only dropped a couple of K into each of them. I agree he should have disclosed his being compensated in stock, etc. I would never have touched them if I'd known. Live and learn. I've only been trading 5 years or so but should have trusted my own limited knowledge instead of relying upon s.t.