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Wrinkles

10/29/11 3:42 PM

#49117 RE: koolmc #49116

Really comes down to following the chart when buying and selling most any stock. I don't pretend to be anywhere near as good as BFR at charts, but I'm coming along. I think the key is, once you start learning to read charts and as you get better at it and add discipline and rules, you start making money at this game on a more consistent basis. Got a long way to go, but man have I come a long way as I look back.

IGXT may go much higher, but not being greedy as it reached a resistance point at .59/.60 on the chart. Could and likely will run higher from here after all that coiling from .48 to .52 the last 6 weeks or so, but not taking chances on a possible early FDA decision catching us off guard. I always like leaving money on the table for others and protect my profits and make sure I don't get caught/trapped averaging down on a stock, hoping to bail out.

Good luck, may your acct be dark green my friend! ;-)