Hedgy I certainly do not want to pile on the pain, but I received some update from ST today. I had the impression that he was trying to persuade people to buy and trade this stock. He implied along with other things that the stock was below the bollinger band (lower band) and that the stock had rallied three times before when this had happened. He even mentioned that if you had bought the last time at 1.16 you would have almost made fifty percent. <bg> Of course he does not mention how much you would have lost if you would have bought when his brother did back at 5.80 or what ever it was. It truly is laughable watching ST spin this one.
It did look like this had a little support at 1.15 with buyers today. and the volume has been decreasing lately (hey this not an invitation to buy down), but hopefully this will turn around for all of you longs.
Actually NNRI is not below the bands if you look it is at the bands - but close and the RSI is getting to oversold and so is stochastics
the predictions the last 4 times were spot on when it was below - first time 100% gain the next two a bit less and last time 50% gain in two days. This is from the lows but it shows the way that buying when a stock is oversold worked well.
You think people are silly - well read the CYRX news as they announced FedEx will be the shipper so things are moving along as expected - slower perhaps than some wanted but don't be so quick to judge - the company is doing what we said we expected them to do -
NNRF went from nothing to being very involved in the nuclear space in a year and a half with excellent sales - very good growth so far. You are judging a young company on a few months of actual business - a bit pre mature to judge.
So your point about selling is correct that some sell below the bands and buy above them - look at CYRX as we have been buying at 70-75 cents when those "silly ones" were selling and today they were buying at $1.05 - you tell me which is a better idea. I say buying low when below the bands and selling above the bands.
If you are long term of course is does not matter so much as you can buy at various prices.
You decide if and where to take profits and if and where to set stops. We point out support and resistance areas all the time and talk every day about limiting losses so the few that like to spin this another way can do as they please but are off base. We do expect anyone who uses real money to manage it the way they like. If you want to buy high and hold or buy high and sell low that is your business. We tell people every single day to book some profits when you have them and to set stops to not let profitable trades to go the other way.
Like major banks and funds however many people like to buy stocks and hold for many years and let the companies grow and do not care about fluctuations.
My brother as example did not sell any stocks at all after the market decline in 2000 and again after 911 when tons of people sold at big losses and a few years later he told me how many of his friends were still complaining of all the money they had lost and he said he had lost nothing as he never sold and all his stocks were by that time higher. (he had no high tech)
So if you are short term then buy low and sell high and set stops and you will see no need to complain.
If you do not like a stock than sell it - it is so easy - you can buy it back if at another tine you do like it.
Some like to try to put others down as they think it makes them look good - but it doesn't.
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