CHDO...hehehehhe...
I have several diffent accounts, all with
different goals in mind. I'm holding about
150k shares in the "investing" account. I'm
not exactly INVESTING in these stocks mind you,
in true sense of the word, I'm just not as
ACTIVE in that account. I keep positons there
that I think will move BIG over the long term
and so I keep a CORE amount of shares there
and only go back in to take profits closing
positions or to enter new longs...I expect
that CHDO will be in that account for SOME
TIME to come.
HOWEVER, I did close out my position in my
"TRADING" account yesterday just as it started
to show that weekness late in the day...14:00.
My charts showed that it was going to retrace
and it did...and in fact, I don't see, on my
1min. intraday chart that it "closed strong"...
with the OBV on the FLOOR and it trading below
the 5dayma right into the close...with the BIGGEST
RED volume spike of the day just before the close,
all signs of a building weakness, imHo.
(the five day moving average line is a tip
that I got from one of Bill's pals, Mikey, over
on Bill's bottombuster chat room...you can find
it on Paltalk through his web page, check it out
if you have not already done so...he suggested the
5dayma on the intraday chart and since throwing
up that yellow line on my charts it's really added
some insight to my trading.)
I've got a GROWNING aversion to CONSOLIDATION,
opting INSTEAD to get into stocks once I have
CONFRIMED upward momentum and exiting when that
momentum begins to weaking...IN MY TRADING ACCOUNT.
I'm WRONG THERE A LOT !!! AHHAHAHAHHAHAH
That's why I have a core holding in my long term
account that I'll hold until the DAILY charts,as
well as the weekly and monthy charts confirm that
the spray of the water falls are ALL AROUND US and
it's time to....get the hell out of the barrel !!!
SURE, this pig's wings are OUT and isn't it lovely
watchin it FLY !!! It will MOST likely gap UP on
Monday in which case I'll be scrambling to get back
in with everyone else, on the OTHER hand, if it goes
the other way, I'll be in the perfect position to
gobble it up on the pull back. Consolidation is to
iffy for me...even after 5 years of trading I don't
have the insight or experience to know which way
a stock will go once in it's grips...FOR SURE. By
getting out of the way during periods of consolidations
I may give up a few pennies of the upside, but it's a
cheap price to pay for the reduced RISK that cash has.
(the world is coming apart at the seams...a weekend
THESE days can be a VERY LONG TIME...cash is KING !)
EITHER WAY..my "investing" account is up 85% here and
my TRADING account is up I don't know how many percent
I've been in and out so many times in the last few months...
I can say THIS, I've YET to take a LOSS on any ONE
of my trades here and the LAST one netted me over 40% !
GREAAT CALL PAT !!!
I'll never be able to give Bill enough credit for all the
help he's given me either...even though he's modest enough
to have asked me to QUITE MENTIONING IT ALL THE TIME !!!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAHHAHAHAHHHHAHHA
Sorry Bill...but I'm real big on...TRUTH !
catmaniac
PS...the bottom line for me is...if you don't have the
time or the inclination to keep a vEry close watch on
ANY equity investment you are way better off putting
your money in CD's or if you can afford the lack of
liquidity...real estate.
Vana Catman fondles his mellons...
