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Re: A deleted message

Friday, 05/31/2013 11:51:59 AM

Friday, May 31, 2013 11:51:59 AM

Post# of 130743
I'm not trying to bring anything down. I've just offered some chart and technical observations so people can be hopefully more informed about what is going on. When the 200DMA support was broken that was a MAJOR technical indicator that the stock would probably sell off.

Folks just don't get it...you can have 2 positions in a stock. A long CORE position that you hold and 1 that you trade with to take advantage of the volatility of any normal stock. Stocks trade up and down by their very nature...when a person can recognize and take advantage of those movements WHILE ADDING TO THEIR CORE position they are way ahead of the game. I don't manipulate the market...I just try to recognize and take advantage of the moves I believe IT WILL MAKE based on what I see.

You can believe in a company and be a "long" and still actively trade the stock of the company. My strategy actually displays more loyalty in a company because ultimately I'm trying to acquire MORE OF THE STOCK OVER TIME within the core position.

Stocks get overbought and oversold....become too pricey and get undervalued. That is just part of the game. Most of the time people's egos and emotions get in the way and prevent them from making money so they sit on the sidelines and be mad at the people PLAYING IN THE GAME. They want desperately to BE RIGHT versus BE RICH.

This strategy isn't unique...I've learned it from some of the best traders over the years.

Take care,

DD22




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Mahatma Gandhi

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