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Re: PatB1 post# 3693

Friday, 06/21/2013 7:06:38 PM

Friday, June 21, 2013 7:06:38 PM

Post# of 156972
Like I said, if you have zero confidence, then you should sell now and move on while the pps is still at .0004.

Stocks are pendulums. If they swing one way, they will swing the other. It may not be as high or as fast as you might like, but they do move. I would have preferred today to be a low volume green day, but that didn't happen. We had a high volume red day. If you take out the $68 trade some idiot did at 0003, this was a high volume capitulation day at 0004. Based on the fact that there was a 14.4 million T-trade after hours at 0003, tells me the seller from today is most likely gone, and that block on 0005 will be gone early next week. Stocks usually move up after that happens. It isn't 100% that it will move up, but more often than not they do. While those riding free shares were dumping today, a whole other group was accumulating. Days like today are what show up on scanners at the end of the day for most traders. The chart tells me that it is going up next week sometime, and apparently it is telling others it is too. If you don't know why, then please buy a book on technical analysis. I can't predict what kind of a bounce will happen, but it looks a lot like one is going to happen. If you didn't buy down here and it doesn't bounce the way you want, you had all day to average down. I certainly bought down here. Now have a good weekend, and if you still don't know why it might move up next week, then I have nothing for you. Nothing down here is guaranteed...IMO.

Buy when there is blood in the streets, even if the blood is your own. ~ Baron Rothschild

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  • 1D
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  • 6M
  • 1Y
  • 5Y
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