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Re: free_man_n_paris post# 12257

Friday, 08/19/2011 4:53:28 PM

Friday, August 19, 2011 4:53:28 PM

Post# of 31931
Come on Paris, how many traders here do you think bought absolutely nothing until trip 5? None. That's where this line of thinking falls apart. The "style" you are referencing works well if a trip0 stock has started trading sideways off confirmed bottom, and absolutely nothing wrong w/ 20% gain I agree. Does not work well w/ a falling wedge because it assumes that the stock uptics a notch after each buy made using this "style". Just look at all the 0006s bought at the ask today, and how few 0007s sold- you can get an idea real quick how that style worked out and how "well off" youd be "learning" and "taking advantage" of it LOL.

I actually believe we are there (bottom) now, but again, I doubt many if any can honestly say they watched this all the way down to trip 5 before buying their first share. Everyone else is in the red, and will be until the buyers outnumber the sellers, which, i believe, will require significantly more shareholders being willing to hold for more than a tic. Have a good weekend and GLTU.

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