thanks, but please realize, just with trades you listed, he's down
$ 160,000 ?, did not buy only near 16, in July, then, and did not cut loss when GEN broke below 16, as we did...but, yes, when/if GEN forms another base at some point, hopefully holding around the 12-13 area, (where, BTW, GEN has a slight triple-bottom, going back to 1996 ?) his losses may diminish long-term ? .I'd be interested in knowing at what prices they bought the rest of that huge position....
as I teach my subscribers, just having "large buyers all the way down" is not necessarily an automatic bullish item, even long-term, but, nice people who happen to be long, often at unfortunate large losses, tend to point out such purchases as potential items of less-bearish bent, yes ? so, I do wish you well, but, gosh, the guys I want to follow, and "do what they do" more often, are the guys who only buy stocks right near the lows, correctly....seriously, did this guy by a bunch much higher also ? Hope this helps....without a takeover, its going to be difficult to get GEN over 18-20. resistance around its 200 DMA ahead....I will teach anyone interested in learning the 7 stages of my "PSYCLE sm" through which most all stocks pass, over time....I just see a ton better-looking depressed Tech. stocks out there than GEN, but, again, wish you well.....and wish I could be more positive on this one....I just want to help people learn how to time buys/sells better....its what I do..... |
