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Re: Trader S77 post# 7426

Sunday, 08/22/2010 11:01:05 PM

Sunday, August 22, 2010 11:01:05 PM

Post# of 49066
Zero, I have to chime in. Trader is 100% correct. that's not inexperience...that's the voice of reason. True, I missed out on this one and didn't call Friday's run correctly, but I was likely a day off in my own pullback call. APCX needed a bloated top, before it can retrace. Really, I'm surprised that you would see Trader's post as 'inexperience'. If you have in fact been trading the pinkies as long as you have, you know that while newbies are piling on, the profits most of you have already made will be getting locked in. It is the 'inexperienced' that do not lock in profits from a 300% run.

Can this run further? Of course, but for those who will be jumping in tomorrow, where will their buyers be coming fro so they to can claim profits? Thus, the sell-off...those who take their profits combined with those who will sell after realizing there is not another 200% gain to be made. Had volume not been what it was on Friday, I might think otherwise, but gotta throw my support behind Trader there. It is only those who don't take their profits that lose in the markets. Now that's the voice of 'experience'

True, I may indeed miss another leg up, but there is always money to be made out here in pinkie-land. What I do know if I will not be the one holding the bag while others run away with their dough.
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