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Re: HMCSRET post# 8296

Sunday, 01/10/2010 3:02:34 PM

Sunday, January 10, 2010 3:02:34 PM

Post# of 59579
IMO, if you "project"(read "predict").....


2.00, 5.00, 10.00 or whatever, those "projections" are about as useful as teats on a bull.

Anybody who has been in the markets for any length of time ( I started trading in the mid 70s) knows that predictions are useless and the market will do the exact opposite of what you think it "should" ( another useless word) do, at least 50% of the time. And without any statistics to back my statement up -- I would bet it is higher than 50%.

See what happens when it happens and have a trading plan for any contingency - up, down or sideways.

If you don't have a plan, you will probably get killed in this stock or any other.

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  • 1M
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