00,
Don't get your panties in a twist.
What is spiteful about asking you about a 200 year or 300 year call? What is nasty about reminding you of something you said 3 weeks ago? Get a grip. This is about learning, not bragging; posting not boasting. And really this post is directed not at you (you're simply the straw man) but at others on DB's thread who might want to learn what really works and not what is simple posted once and forgotten. You bought a sure fire ancient tree support line, indicated this was one to "let my profits run!" and now claim, when asked to simply review your post, to have made a good call and made a quick buck. LOL.
You decided to enter the stock on 3/7, as per your post. You claimed something about an eleven year old data point (1994!) that equalled a 500 year old tree or a 200 year old tree and a bicycle. Neither the chart nor the tree ever made sense to me, maybe it did to others.
Let's say you entered the stock within the first 1/2 hour on 3/7 so you bought at maybe 16.35 or 16.40.
Now you say it didn't go past the support line, so you might still own it. Did we miss the post where you took your profit? If you sold it, how did you set your stop? ATR on this name has been (14 day avg) between 80 cents and 60 cents. Placing a reasonable stop at 1.5 x ATR means that the highest you would have had a stop on this "sure thing" was on 3/22 leaving it at $15.94 (close of $17.14 minus $1.20 (1.5 x ATR). At a simple 1 X ATR, the stop would have been at $16.34.
If you still own it (and why wouldn't you, since it still hasn't gone "past the support line"?) it's now at a loss. Funny, I thought that 500 year old tree was support.
Further, if it's still the great story it once was (16 trading days ago) it must still be a buy.
(Btw, what is the definition of a "migrating circumstance"?)
Kb |
