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Re: 5by5 post# 13827

Friday, 10/26/2007 11:08:54 AM

Friday, October 26, 2007 11:08:54 AM

Post# of 20076
5by5, to be quite honest,
and with no disrespect, but most of the time, I just do not understand what you are trying to say.
You like the stock no matter what...good for you.
In the "real" world of stocks, stocks go up and then they go down...that's where the word "market" comes into the term "stockmarket"
Without a market you will not have movement in a stock.
Everyone bashes MM's...MM's are "marketmakers"...they will create the market for a stock so that it just doesn't sit there.
The last thing any stock needs is for the MM's to totally ignore a stock because it will just die and fade away.
Day Traders, Swing Traders, etc, also help in the function of creating a market.
Most Traders will use Technical Analysis to determine their buy and sell points. More "true" TA's will never know the company they trade and only trade on the indicators.
Thus creating the market.
Longs will always be longs. They typically will buy a stock, watch it move up and will get very excited. Then watch it go down and wonder why and blame the company, MM's, traders, lack of news, shorts, naked shorts, bashers, etc...yet the longs are typically posting 20 times a day watching every movement of the stock and typically having a comment for every movement.
Unfortunately....and especially in otc land, longs will lose their investment, and the biggest reason for that is because of their unrealistic expectations of a stock. In their eyes, they've picked the next big winner and will go down fighting trying to defend it.
Now aagh may be a big winner, maybe not. If you believed what so many longs are saying here and it makes so much sense, then this stock should be $2.00 by now...well, its at 20 cents, so no matter how wonderful this stock is, or how blind everyone else is, the "market" says, hey, I'll give you 20 cents a share for it until it proves otherwise.
The trick to making money in the stockmarket is to trade stocks and take your profits.
I've been doing this for many many years now. Started as a "long", then gradually progressed to where I am today, one who trades on TA, and a little fundamentals.
Yes, I am wrong probably that 30% of the time, but that means I am right 70% of the time.
Happy Trading all.
MS

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