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Re: Bangkok Bob post# 2914

Saturday, 08/25/2012 11:04:16 AM

Saturday, August 25, 2012 11:04:16 AM

Post# of 16750
REALITY NEWS FLASH

There are 15 trading days til Sept. 15 catalyst event. If people believe that we will continue to have 5% days like Friday, they are sadly mistaken. We will not go up 15 * 5% = 75% or $8.19 which is Fridays close of $4.68 + 75% which is $8.19.

Ironically, buying off the last low of $2.65 (I bought at $2.69 myself). Fridays close of $4.68 - $2.65 (last low) = $2.03. $2.03 / $2.65 = 76 %.

I agree, for many it works out much better to have shares to hold and shares to trade. Often, I take what I can afford to buy and divide it in half. Hold on to half through thick and thin and trade the other half through the volatile swings. Sometimes, I hold the entire amount, sometimes I sell the entire amount. Depends on the charts. I don't like to ignore the charts either.

To NoDoughGo's point, I understand that many would be better served by holding the entire amount the entire time. Depends on the person.

This will eventually run out of steam before Sept. 15 and either fall or consolidate. It will not continue making 5% gains!!

lovethatgreen, you are correct, folks that consistently ignore charts and listen strictly to pump posts miss potentially huge trade opps
Volume:
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Total Trades:
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  • 1Y
  • 5Y