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Wednesday, November 30, 2011 12:24:43 PM
I am not sure what hostility you are speaking about. People should invest as they see fit. If people want to sell now then they should sell, and if people want to buy then they should buy. I don't care what others do. You have my permission to do what you like!
People should invest how they feel fit huh? A little contradiction ya think?
Why should people buy now? I believe the best strategy at this juncture is to set your bid lower and let the sellers come to you.
If someone wants out they will eventually meet us at the BID.
Barring any significance news, which could come at anytime, I imagine that WNBD will hover around these prices trading in a relatively narrow range. Most longs have what they want and are willing to add "icing to the top", but we are not worried about being left behind if there is a sudden run.
If you want to start a position or beef up your current position these are great prices, but if you are only looking to add to an already solid position then by all means let the sellers/traders come to you.
Why is there a hurry to buy? If you buy at the ASK there is no way you are going to start momentum and drive it higher without volume and significant news. I am sitting back and will add as opportunity presents itself, but I am going to wait until the sellers who have to sell meet me on my terms!
"You either die a hero or you live long enough to see yourself become the villain." ~ Harvey Dent
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