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Re: vawedo post# 550

Thursday, 12/17/2009 5:13:07 PM

Thursday, December 17, 2009 5:13:07 PM

Post# of 3466
Nice work! The trick is to know a realistic support level to buy back in. Hit the R1 and sell enough to increase shares or build free ones on each churn.
Most resistance levels do become the next support level and why not try to churn some free shares on trhe wait.
News is never known so its a good day to day play.
If you buy high and it dips, buy more. till you get a bounce anf recoup.
Longs hate this, but I see opportunities all the time in these pennies. The key is to walk away if you miss an exploding run due to flipping out. Theres always another just around the turn.