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Re: matt24d post# 124699

Thursday, 03/17/2011 12:21:41 PM

Thursday, March 17, 2011 12:21:41 PM

Post# of 645749
As guess it depends on whether you are an investor or a trader as to your opinion on ACLS.

If you are a trader and looking for a short term gain, the stock may not adhere to anyone's opinion on the financials of the stock. I look moreso at the chart and try to determine if the stock is going to be good in the near future, regardless of the financials.

That huge bearish engulfing candle that appeared when the stock was near 3 was a potential sign of weakness and the stock has since traded down to 2.23 level.

If you bought in around 3ish hoping to make a quick profit, you probably would also think the stock was a POS.

No matter how much pom pom waving is done, the market is the ultimate arbiter that determines the price of the stock.

The market is hardly ever correct long term (see Warren Buffet and Ben Graham), but short term it can be really tough.

People trade with emotions, thus the reason for the crazy volatility in most all stocks.

~Boochy

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