***for all those out ther that think I'm a jerk, at least I am trying to explain my point instead of just saying "xyz person" is an idiot, etc..**
tregaorn..
bear with me when I try to make this point (I'm not trying to be an ass here)..
For the last 4-6 months, Jerry, you, and others have been doing this..
T1--(Day when the stock opened at .88 and had a interday low of .77).. "Man, it would be a great sign if COR could close at .88 today"..
And it does, and then over the next week it falls down to .70
T2--(Day when the stock opened at .72 and had a interday low of .63).. "Man, it is a good sign that COR closed at .72 today"..
Then over the next few weeks, it falls to .50
T3----(Day when the stock opened at .54 and had a interday low of .43).. "Man, it is a good sign that COR closed at .52 today"..
Then over the next few weeks, it falls to .41
Repeat, Repeat until we are sitting @ .31
All I'm poiting out is that it really doesn't matter what the close is from any indication of its future direction.. Yes, I'd like the close to be higher than lower, but, that's just a very obvious statement if one is Long.
From a technical standpoint, it has proven time and time again that it means nothing (unles we're in opposite land where up means down and down means up)..
Not ONE time has yours or Jerry's TA analysis on COR been correct..
It hasn't been when it was in the .90s, wasn't even close as it fell through the .70s, horribly wrong as it plowed through the .40s.. so why do you guys keep kicking the dead horse as we hit .30 and head towards .20?
I know that times are tough right now (heck, I think Obama was correct when he said in trying times folks cling to their guns and religion (religion being whatever gets you through the day and helps you make some sort of sense of the world)) .. BUT, let me offer this piece of advice for what it's worth..
(coming from a guy that had over 800K in his 401k at 36 y/o 2 years ago, and now it's down under 150K)..
Use your time for something else besides trying to rationalize all the money we are losing with something that you have done a great (documented) job of disproving..
I for one am concentrating on the things I have control of..
-working out more and eating healthier
-spending more time with friends and family
-filing gaps in my skillset (taking some online and community college calsses - even though I have 2 Masters Degrees)
Tregaron.. you seem to be the more polite and down to earth of the TAers, .. so please take this as an observation, not a knock..
Hell, if I'm missing something in regard to the results of your TA analysis, let me know.. I just haven't seen a single statement be of any use except stating the obvious, and unfortunately, having the complete opposite outcome than what was predicted..
Cheers!
AI
