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Re: CTigerHDragon post# 165

Thursday, 02/28/2008 6:39:54 PM

Thursday, February 28, 2008 6:39:54 PM

Post# of 580
I've been watching this for over 2 years. I'm pretty sure I know what's going on outside of insider info. I don't believe rumors. But my "charting" told the folks here that a reversal was about to start. Maybe by insider buying? What causes a reversal? A rumor? A fact? Inside knowledge? Combination? Absolutely. But what we KNOW is based on the "chart", buying pressure has started for any unknown reason this chartist doesn't really care about.

Now, I like charts because my focus has been migrating to blue chips and higher exchange stocks. For that, I like to use Options for leverage to enjoy the same type of gains you get from a penny pump and usually less risk. Tomorrow, if this moves up another 20%, I will be selling half the contracts I bought today protecting my initial investment because I'll be up 100% on my contracts. The rest will ride on rumor, news, or whatever. If this hits 10 bucks like you say, every set of 10 contracts I own today at $200 per set will be worth $7,300 and that's after removing the risk of my initial investment.

Not bad for a "chartist", eh? LOL!
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