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Re: deafelephant post# 52774

Wednesday, 11/21/2012 12:37:44 PM

Wednesday, November 21, 2012 12:37:44 PM

Post# of 239018
People subscribe to newsletters from people who get paid to push stocks or have a large position they want to empty, so they push it and encourage folks to buy.

Smart pumpers look for the increased volume and volatility to make a few Modesto take out a few hundred or thousand dollars.

Not so smart followers of those newsletters end up buying at the wrong time and will either sell to get out (further dropping the price) or end up going long to recoup.

Right now is the wrong time to be playing, unless you have powder left in the keg and are buying on the way down to lower your average cost and increase your position for the long game.

I'm long, and will ride out this self fulfilled prophecy of the 50MA.. We're going down, nothing but positive news from the fed will turn it around, the rules of technical trading are forcing this down even though its a great company.