You are correct. It's funny how he changed his tune since getting caught with his pants down. What is even more surprising is that he is even in this position to begin with. Gejim is supposed to be a seasoned veteran trader but he violated trading rule #1 "Always have stop losses in place." This is how a trade gone bad becomes a swing trade. I find it amusing that many think that "stops" play into a MM's hands. It's always the MM'slooking to steal your shares. (LOL) Even if this was true, I'd much rather take a small loss and buy back a little higher and not expose myself to huge losses that we have recently witnessed.
Re doth you think most think your sudden change from trader to long was by design....
No, but it is an opportunity.
RE: As far your trading
What trading?
RE: I will allow others to decide for themselves.
Decide away
RE: I have ridden the waves of IDCC since 98 accumulating stock when it seemed appropriate. I have also noted when I felt the best buying opportunities were clear. They are not clear to me at this moment .....certainly the are better then 27....they are also better then at 19+ when you posted 16 days ago
Yes they were better this week and are better now than 16 days ago or at 27. Good call on that. What you didn't mention is the stock fell to under 16 and now has risen to 17.24. That the nas fell to under 1900 and now is at 1970's. You also forgot to mention the money flow in both, the strength in both , the rsi just now coming out of a over sold position for IDCC, the double bounce on the Nas and on and on and on.
What we have is " They are not clear to me at this moment."
That’s it?
Re: Time has past ... and being oversold is not an indicator that we are headed for a short or intermediate term recovery
Agreed there are other indicators for that.
Re: As to the cheap shot about going short.....again inappropriate
Wasn't a cheap shot, it was a question.
But lets be fair. The market can go in any direction. This stock can go down or up. However it is oversold. There is no question of this. What is your reason to for a continued oversold position? What is your reason for seeing the markets which have already corrected selling off again.
Again while I agree this could go down, in fact every stock can go down, the time to buy is when there down. If a person bought in the early part of the week, the worst that could happen if this turns is a small profit. All in all that’s not a bad place to start, is it. However a short positioned person , not you of course, would find that holding a stock coming out of a oversold position is very risky, have COULD have a effect on that persons holdings.
I think one other thing you would agree on. THIS IS WHAT IT WOULD LOOK LIKE WHEN BREAKOUT OCCURS. Again too soon to call this a lock. Yes there could be a head fake. Yes it can go back down. But there WILL have to be a reason for it. And no I'm not seeing one. We will keep looking, but currently nothing, especially after a 10 dollar drop. That was a little too much.
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