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~ TRT ~

07/07/12 5:14 PM

#6399 RE: dmlabuda #6398

Then I suspect you will be back here buying this stock when it matches your chart theory

Unfortunately it will be at a much higher level and limit your profits.

Mark this post !
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~ TRT ~

07/07/12 5:34 PM

#6402 RE: dmlabuda #6398

So lets see...

Did your chart theory tell you to buy ENT$ on April 16th at .004x

Did it also tell you to continue buying (averaging down) all the way down to .0015 during the next month.

Your answer will be NO.. it was on a DOWNTREND...

Well I did, I accumulated 2.7 million shares and sold them all between (.017-.022)

So much for the charts !

And I will buy back ENT$ when I feel management is ready to tell us what is going on with the last dog study (support its shareholders) !!!

My decisions were solely based on company actions...

If you follow a system that enough people believe in ..then of course there will be an established pattern.

MM's use this to manipulate the market.

There is no science behind charts... just a pyramid type scheme to some extend.

I will use the chart to help me decide when the herds will blindly react to the chart.

But I will not make my decision on a fundamentally sound company based on a chart.


Proper DD is used for that.