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Thirsty Tiger

09/15/09 10:05 PM

#16439 RE: PKpower #16437

Dr Alexander Elder’s advise on ADX from the book "Trading for a Living".

When +DI crosses ADX from above it signals that the price may be ahead of the market. The market may be overheated.

A more cautious advice.....hmmm

We may have to hang here and wait for the market to catch up again
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cAPSLOCK

09/15/09 10:23 PM

#16442 RE: PKpower #16437

But if you are on your own, and you like the company underneath, and the stock is being marked down because of the occasional craziness of the market, that's an opportunity, a blessing, a gift!!!!

This company reports NO EARNINGS.

So any price the market gives it has nothing to do with "occasional craziness of the market" but with pure speculation.

You are citing a quote. And if you were to ask the author about his context, I doubt he'd say it was concerning a penny stock with no earnings per share.

Seriously. I don't mean to be an a$$hole. But I am very sensitive to statements like this that imply something that is not true.

That implication is BLLN CAN be marked down. It really can't. Yet.