Thursday, November 24, 2005 5:59:43 PM
Andy, You make a couple of good points. Regarding the R/S. JF originally set the R/S target for the purpose of getting to another exchange at .35, and in a recent interview he stated that it is not out of the question, and is still a possible option for that same purpose. However, he has not recently stated a pps target, and since it has been over a year since he mentioned the .35 target, I seriously doubt if that figure is still accurate.
As for your trading advice I agree with your strategy and have used it myself many times. However, many here are not accomplished chartists or have experience with influential MM activity. In a time of highly momentous up trends, the new investor should be very cautious in frequent trading as they can be left behind seriously. This is one time I advise the not so skilled investor to hold their shares and let the street work for them. glty
As for your trading advice I agree with your strategy and have used it myself many times. However, many here are not accomplished chartists or have experience with influential MM activity. In a time of highly momentous up trends, the new investor should be very cautious in frequent trading as they can be left behind seriously. This is one time I advise the not so skilled investor to hold their shares and let the street work for them. glty
Wick(w50)
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