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Friday, July 11, 2008 2:18:35 PM
I really think it is not productive to sit here and to watch UVSE tick today, since I would argue that we are still in a period of stagnation and consolidation before any positive or negative action will arise. Granted, I am just making a broad statement and I agree that I do not know what will happen in the next second, the next minute, the next hour and so forth. Things can very well pick up, but it is highly unlikely given the incredibly weak volume traded today. Think about things probabilistically and you will come to the same conclusion. I have already closed my thinkorswim trading suite, and there is nothing I love more than looking at that tickers tick up and down, but with UVSE I really see myself wasting my life if I sit here and watch it today since it is not doing anything anytime soon until more news is released. These tiny penny stocks move on news and news alone. Take a breather, relax, turn off your Level II, close your trading suite, and go outside. You are going to die soon; do you want to look back on your life as being obsessed with stocks? I certainly don't, and that is what I have come to realize after being obsessed for a year.
I trade, therefore I am.
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