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Re: Curt D post# 31262

Friday, 04/27/2012 11:22:13 AM

Friday, April 27, 2012 11:22:13 AM

Post# of 116863
I don't have the cahones or the knowledge base to play drug stocks but I've seen people make a ton of money off of them. Another thing I don't do is play earnings. A lot of people I know were kicking themselves for not going long apple on this pullback before earnings, to which I say that's hindsight speaking. If you are wrong on earnings you are wrong big, and unless you have the inside scoop on that stuff I really think it's risk reward is potentially fatal.

What I like about how $TECO trades is that it has a somewhat predictable pattern. There's short bursts of extreme optimism followed by mellow pullbacks into support lines seen on the 50 week, and the pendulum swings to pessimism and sometimes outright panic right before another burst of optimism. You see it in the charts and the message boards quite clearly.


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