Puda Coal Inc (PUDA)

[tatrader11]

Dead wrong, dead wrong.

Lets see bought PUDA 4.03 sold 1/2 6.50 then 6.73 (posted on RB)
Bought 5.50 sold 1 hour later 5.99 (PUDA went above $6) possted
Bought 6.50 sold half 6.93 (BAG HOLD like a novice the other half)
Bought a LOT 5.99 near close (posted RB after stating PUDA under $6 is a BUY) So then I had core posistion and short term trade shares.
Sold yesterday 6.93

So reagdrs wrong so far, me thinks you are a scared little boy out to discredit. And for the EW critic no none of the trades were based, nor was EW ever considered. But now you can all brag about me being wrong because PUDA is over $7, no wait I stated that was very posiable. The kids will never change.

And made the following post
By: barryz1
06 Oct 2009, 11:11 AM EDT
Rating: Msg. 2340 of 2372

Jump to msg. #
Someone new to PUDA asked, should they hold, take profits, what. My response. Hoss dont bother reading, it will not make sense to your stupid @ss.

Well it really depends on a lot of things. Mainly unless you have a very good understanding of TA trading any stock does not make sense. FA is only useful for LONG TERM, TA is useful for all time frames, something FA guys dont understand.

I trade using TA. I have sold all my shares at this time for 2 reasons.

#1 PUDA chart is clearly showing me it has problems trading above $7.00, that is resistance for it right now. So I will sell resistance and buy support until one of them gives out. I am buying $6.00 area right now.

#2 A largew clear gap formed today and stocks very often fill opening gaps in 1-3 time frames, as I am talking the daily chart that would be 1-3 days time. After 3 days (time frames) gaps tend to loss thier MAGNETIC pwoer and simpley become support/resistance.

The stochastic is indicating BUY right now on daily.

On the hourly we are outside boll band indicating over extended on hourly.

So that is whyt I sold first half, then the second half.
I bought addition short term shares at $6.00 near the close yesterday and planned to sell them in 1-3 days, sold in 30 minutes.

WARNING I believe the last 24 hours has indicated at least one fund is buying and I fully expect more to follow. PUDA is likely going to have short term wide swings as a whole new group (the most important group, funds) can now look at PUDA as a sound investment for their clients.

WARNING #2 I see us at the tail end of a B wave bear market rally and C wave down to start soon (1 to 4 weeks) with first objective S@P 667