AI
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| Alias Born | 01/28/2010 |
Friday, January 07, 2011 10:16:07 AM
My advice would be not to follow any promotional / pump company. There are too many dangers there. Only follow them if it is with the intent to look for a future buy after their promoted stock tumbles (which they always do). My advice would be to follow the traditional, tried-and-true advice: buy the dips and sell the rips. Buy stocks when they are cheap, having dropped in price, when the price is ready to go back up. Learn to read charts.
For instance, a buy on LOCN in the .02's is looking pretty good right now because .021 is the 200-day moving average on the daily chart, and typically a good support level. There is not enough "dump" volume to push it through that support right away, so my technical analysis would say that the price will bounce, at least a little, off that moving average. You'd be "buying the dip".
For instance, a buy on LOCN in the .02's is looking pretty good right now because .021 is the 200-day moving average on the daily chart, and typically a good support level. There is not enough "dump" volume to push it through that support right away, so my technical analysis would say that the price will bounce, at least a little, off that moving average. You'd be "buying the dip".
I am not a promoter or professional stock trader. I'm a regular guy who enjoys stock trading to make (or lose) a few dollars. I am only responsible for my own trading foibles, not yours...do your own DD.
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