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NotRichYet2

08/26/12 10:19 AM

#2992 RE: No-dough-go #2990

Your post covers the reasons I'm not too fond of or follow CHARTS. Tecnical anaysis my foot. Either your in a good investment going somewhere or not. Thats what good DD can tell one. Charts may be a tool, but only one tool. To rely on CHARTS as if they are some kind of crystal ball is foolish.
True one can trade in and out of a stock and increase profit. Does not work every time, does require some luck. Should one be OUT at the time good or great news comes out, which a chart cannot forcast, you lose and will have to choose to chase it or find another one. Thats why smarter traders maintain a core position and trade , is at all, with a smaller amount on a GOOD stock.
CLSN has a lot going for it for many months to come. PERIOD
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OldBen

08/26/12 10:26 AM

#2993 RE: No-dough-go #2990

If there were not some mechanism for changing the price of a stock, the price of the stock could become like the national debt where it goes up exponentially every day of the year. We could far surpass the value of the company or the whole GNP. I see nothing illogical about the ability to short a stock to keep it where people estimate to be the value of the stock. Naked shorting and other means are whole other story. I have never shorted an individual stock myself, but, see nothing wrong with the theory. I have bought short ETFs which is a little different.