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Re: velvet172 post# 7156

Thursday, 03/11/2010 4:25:01 PM

Thursday, March 11, 2010 4:25:01 PM

Post# of 15767
velvet, thanks for the warm welcome!

I am not even sure what your question has to do with technical trading to begin with?


here is what it has to do with:
the friday before bad news broke, the charts took a dip. i wondered why? with news bound to break, anticipation for good news should have brought the charts up, as there was much more positive sentiment toWards nda acceptance than not.
now, this means its possible the news came to Cullys desk wed, thur, or friday the week prior. the pr was released 2am moday morning, well before markets open, giving birth to my original question/scenario. i hadnt seen this before on this stock, and technically didnt make any sense. like i said, "fool me once..."
if i would have technically seen this coming, i could have tripled my stock position, instead, i waited on the fact, and missed an opportunity.
now, i too agree on

"whatever floats your boat"

so if waiting 3 days for the "fact" to come out in a PR works for you, by all means good for you! me personally, i like to have a high probability 3 days in advance, when it actually happens to assess my technological risk.
thanks again for your most welcomed input! nice chatting with you!

good luck to all!
-X
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