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Re: GABRIELXX post# 120100

Sunday, 03/21/2010 3:12:44 PM

Sunday, March 21, 2010 3:12:44 PM

Post# of 143047
Well, I'm sorry you got burnt on this one. Just my two cents, but charts can help prevent stuff like that, but you have to put in work to make use of them. In 07 and 08, the stock was trading below a declining 50 weekly moving average (which is a sign of a long term downtrend fully in effect), and fyi pre or post R/S, the moving averages don't change in relation to the price. When I look to play these ultra beat up stocks such as this one, I always wait for the weekly 50 MA to level off/ stop declining, and the price to start trading back above it. Just throwing it out there as a friendly gesture, it's something that has worked wonders for me, but obviously I can't force you to have an open mind on the subject.

I appreciate the words of caution, if you are truly just trying to be helpful, but again they are not necessary. Good luck.