< I definitely would not put on a trade that I thought
had 5 to 10 points of upside and 1 to 2 points of downside.>
My friend,
It aint about points, it is about money.
An example is Zitel, any fool that buys into Zitel
cause it was 12 1/8, 11, 10, 9, 8, 7, 6, 5, 4, 3, 2, 1 1/2...
Loses MONEY, anyone who shorts at 12 1/8, 11, 10, 9, 8, 7, 6, 5.
Makes money... this is not a game of points but money, if a
company is a worthless pos, than it will be zero sooner or later...
just wait Zitel will be delisted in time...
But going Long can have greater rewards than shorting
Like buying Qualcomm, I started buying at 20 a year ago,
can you say TEN-Bagger in a year, GO Q GO
sure is a nice Q day
Michael |
