He's just sharing his findings just like the rest of us. He/she's not claiming to know it all, I would share too if my charts were in front of me. Sounds like he/she's just building up his account like many here. :D Although I do agree .028 is not a sell zone, he's just stating what he would do with his position just because it's still small and he wants to play it safe and cut losses is all.
I'm honest with my thoughts. I made clear I don't think price is going to crash, did I not? Don't accuse me of anything unless you got something to back it up, which you don't.
For the record, I have nothing figured out. Let me reference you to an entry that I made after people got burned badly on a biotech (CL*N) a little while back. The last paragraph of that entry in particular is my response to "you think you have everything figured out" nonsense. I really welcome people to read that entry, because it's a damn important lesson [that I learned] about being burned. Some people lost a ton of money on that stock.
We'll see what happens tomorrow. If you got something to support your thoughts, that'd be nice.
Well, I actually found a better blog entry for this purpose. Here's a little quote:
"I will be wrong and feel pretty foolish often. I expect to. I may often seem very sure of myself - and it's because I am. I don't make decisions in trading on what feels right, so yes, I will seem sure - and each time I do, that should be a warning to you, reader, that the market can prove me wrong with a single candle on market open."
If you or anyone else is interested in the way I hold myself accountable and how I try to think... check out this entry (the text after the images).
Sorry all, really not trying to make a post all about me here... I'm just tired of being misunderstood (this board is still good though, thank you guys for the mutual respect).