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Re: cjlopez post# 5729

Monday, 03/10/2014 11:30:14 AM

Monday, March 10, 2014 11:30:14 AM

Post# of 106837
Well, if you sold at the .06 to .08 level cj, then ya done good. Sadly, I'm sure you realize that as you were selling, some new buyer was stepping in and buying at those levels. Some of those buyers are probably very amateur and get paralyzed with fear to hit the sell button and take the loss and are now staring at a glaring, 50% or more loss in a blink of an eye. They're holding and "hoping" it's suddenly gonna bounce up and get them out. Sadly, that's almost never the case. Last time this stock did this, some people sat for a yr to two yr's "hoping" to ever break even again. Too bad it's not monopoly money people are using- the losses are real and they hurt bad when you take um. Good job on "reading the tea" leaves if you got out at those levels. That was good trading for sure. To you trade on any technicals or charts or similar or was it just a "gut" feeling to sell and take profit? Thanks.