To All (and Dale): today, beginning to get OUT of very-short-term trades given very recently on S.I. "Thermo's" thread, "bought" TKN @ 19, and TLZ @ 10, as both are approaching their initial upside "PSYCLE sm" targets, near their still- falling 200 day MA....these gains occured much too quickly to stick around, dig ? NO emotion, NO "stories"....just logically taking advantage (again) of long-existing, repeating patterns of chart, media, and human behaviors....
Dale, you should also view a one-year chart of RDRT, and note the depressed base it had last Aug. around 10., when I really did buy it long (along with others in that group down there, when everyone hated/feared them), and then, the perfect "PSYCLE sm" rolling/umbrella top formed around 34 earlier this year, where I then recommended buying L.T., in-the-money Puts (also on QNTM at that time), and recently covered those short side trades on them last week....also, luck met skill, when I also had PAIR on the short-side near it's top, tho it took 3 tries/small losses to catch the big drop....
I cannot recommend "beginning" to buy RDRT here, as I only buy in truly depressed bases (lowest risk/highest potential), nor in PAIR yet, tho it has a potential "exhaustion low" in PAIR under 15....but kudos to you, Dale, for even attempting to "buy low", something so few of us know how to do and teach others....and best wishes, |
