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Re: jaxstraw post# 1673

Friday, 10/15/2010 9:14:19 AM

Friday, October 15, 2010 9:14:19 AM

Post# of 3474
I've never been much of a T/A guy. I've referred to it as "witchcraft" in the past. However, over time I have grown to understand it's uses and now believe that it has a place in the timing of your stock trades.

Having said all that I really wonder out loud about the value of T/A right now seeing as the stock has been trading with ZERO fundamental information. On the other hand I could see the argument that with zero fundamental info T/A is the ONLY thing this stock is trading with.

Bottom line for me right now is to not get too uptight with the daily swings in price and just sit tight and wait for the financials. It's really hard for me to blame a guy who bot a stock essentially sight unseen and who is up perhaps 2x or 3x on his money to want to lighten up a bit.

It'll all work out just fine if the financials come in as we all hope they will.

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