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Re: kimble1 post# 23527

Tuesday, 08/17/2010 8:21:29 AM

Tuesday, August 17, 2010 8:21:29 AM

Post# of 59579
As I mentioned a couple of days ago, I hold a core position of about 50% of my shares and swing trade the rest. With the rapid rises and equally quick declines in the PPS, I have a fairly sensitive trigger on taking profits and waiting for reload. This requires almost constant vigilence, and quite frankly, I often feel like I am spending too much time focusing on other people's businesses.

Also, I don't generally talk about my entry and exit points, as I personally find it dubious, as for the most part, I feel some others do this to try and manipulate others. I admit that I sometimes do post buys to counter persistent negativity on the board.

That said, I do seem to have a good nose for the bottoms and catch these fairly well as capitualation and fear have such a strong odor. I am not nearly as nimble with catching the tops.

I did post last Thursday evening after the CC, "Many worried longs have expressed new found optomism which I think will be reflected in a new uptrend into at least the mid-twenties by early next week." I think that there is more upside to go and will be watching closely for a plateau and reversal. Good luck to all.
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