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Re: Hammer1 post# 3694

Wednesday, 08/19/2009 4:32:17 AM

Wednesday, August 19, 2009 4:32:17 AM

Post# of 16651
Why is it a must? Perhaps a WANT, but why a must?
We still have more than enough chasers to shake out.
Im seriously glad that we have a pullback. The way this was moving was like giving steroids to a kid.. it totally messes with the natural growth.

Red back posts .. I posted on this multiple times weeks ago. It's so damn predictable. I might not have been trading for all that long, but this is a totally predictable pattern. As long as the overall major trend is still pointing upward it means that we are still going up. But the bigger the overreaction to the one site the more voilent the down moves are.
The more energy we pump into a stock the more violent the reactions... up to the point where the overreaction is so strong that it breaks supports (which happened right after we hit 30).

Now we just wait for the chase float to flip and scalp the spikes. This is THE time to get free shares. Yesterday added over 25% free shares to one of my holds... over 15k shares in total for free, just because people chase and make this stock insane.

Did the company change due to the price rise? Was there horrible company news the second the price hit 30 cents? Or could it just be that 30 is a mental barrier that leads to profit taking -> leading to loss for the chasers -> leading to pain and anxiety -> leading to selling pressure?

So what I mean to say is: This is a good opportunity to go long .. but time your entry well. There might still be downside

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