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Re: Bertsllc post# 3196

Sunday, 08/09/2009 12:04:26 PM

Sunday, August 09, 2009 12:04:26 PM

Post# of 16651
0.226 right? previous pivot top. So that would be a good sell for a scalp to rebuy 15% lower or so (0.2 will be support then).
0.2 was a sell since its a 'big' round number.

But hey, all those things are related to the sheer volume.
Should have sold friday since the run up ended at a key time namely 10 to 10:30 (usual reversal point) Anyhoo I didnt take the risk for there wasnt enough downside potential (as I saw it) to risk selling 80k shares. We are very close to a breakout zone (resistance is 0.2 to 0.23 ZONE). Normally pre breakout zone the scalp sell would be a no brainer. On the one hand im sad that I didnt take the scalp (would have been a few thousand) no the other hand im glad that I didnt sell, for that would be a too high a risk a gamble.

In the end trading greed should not exceed the value aspects. For it would suck donkey nuts if one would sell out of greed and miss the run that is based on value.

btw he was spot on: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40302400

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