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Saturday, June 05, 2010 3:12:10 PM
...and this is frustrating also, because this is all being manipulated, in a very organized and controlled manner.
It's a waiting game. It's been in play for 3 months now, and money has been made for those who have been willing to take their profits from buying at the bottom of this channel and selling at the top of the channel.
On the other side, there are those of us, me included, who have been willing to wait for an "Impulse Move" above the channel, for fear of missing it by trading within the channel. As I have said several times, the time that one can be confident in selling, is when there is news. Sell on the News, is a very reliable way to lock in profits, and it has happened several times in the last 3 months with all the PR's the CEO has released. They have all been fluff though. The BIG PR is the only one that will breakout above the channel, and it will have BIG volume associated with it. And rather than the 50% or 80% profit that most players have been willing to take recently, the percentages will be much higher ranges.
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