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milkman2

06/13/12 8:34 PM

#76 RE: IRVINESULLY #74

Don't worry; there always will be bashers. It's normal to have bulls and bears, otherwise the markets won't work. The more a ticker goes up the more bashers/bears will come out of the woods. It's part of the game. As long as the attacks don't become personal it's all fine.

And who knows what Citron's agenda as? Maybe they want you to short it, so the short squeeze can continue!? Try to think like a crook who is stealing from crooks, that's how the markets work.

IDNG held real nice to day; had another shake out of weak hands, maybe trapping more shorts. It came real close to its previous high of 3.85. If that breaks (I expect in the next day or two or so) then we're in blue sky once again!

Also remember the 80/20 rule: if a ticker hits 80, it often goes to the next higher 20. So 3.80s should bring us (at least) 4.20s!

Final word; just know your exit strategy in plays like this! Don't become greedy and Stick to it!. If your plan is flipping for each +10%, waiting for +100%, or whatever; stick with it and sell when targets have been reached! And don't look back if it hits another 50% or so.

My 3 rules:
It ain't a real profit until you hit sell.
I make profits because I sell to early
There are bold traders and old traders, but there are no old bold traders.

Happy trading y'all!