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charhorse

06/02/08 10:20 PM

#4206 RE: charhorse #4205

If you've been around this long enough you've seen them come, the one's who claim this is due for a "pop"
"recovery"
"retrace"
They're gone now

I feel lucky I was able to make one daytrade when it first reversed into MODI and sell the last (2) shares I had left from the previous 2 reverses. I had to buy more to do it. Someone asked me if "I was nuts", those where his exact words
I was nuts, but it wasn't because of the last buy, it was because of the first.

I think I had 165K shares at one time, that figure is an estimate though. It's easy to flip shares if it keep trending down. You can always buy back cheaper.
You can always sell cheaper also.
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The Real Titan

06/03/08 2:38 PM

#4210 RE: charhorse #4205

I wouldn't say that, I made good money with ONGO...lol

But I didn't have the guts to play OGOH or MODI, so maybe TA won't work anymore.

But its all a matter of when the are or aren't diluting. They actually have brief periods when they slow or decrease the amount of dumping. But you have to be watching it closely on L2 to try and determine a safe point to enter for a quick hit.

It requires to much effort, for such a little gain and the risk is far to great becase we know that soon they'll open the dampers and start flooding the market with more and more shares again.