High Tolerance Plasticity Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: CpsOmis who wrote (10827)	11/30/2001 10:49:15 AM
From: chowder	Read Replies (3) of 23153

Cosmo, sorry to hear about your misfortune. I hope you don't mind but I have a few thoughts to share about your BZH short. BZH was selling above its 200 day moving average. This is very bullish for a stock. We have been witnessing a breakout. A very bullish move. You probably recognized this and thought you'd time the profit taking move. I think it's a good idea, but I've mentioned before that timing is what I'm trying to focus on and trying to perfect. The three white soldiers are a good setup for a short position but you must wait to see how the open goes on the fourth day. Today BZH performed what is known as the gap and trap on the shorts. Waiting for the open would have made all the difference in the world. The hardest thing for me to learn from TA was learning to trade what I see, not what I think. BZH shows nothing but strength and has for the last several days. There's nothing wrong with waiting for the reversal sign. Reversals around lines of support or resistance are where positions should be taken up most of the time. I'm confident you'll get some payback! dabum

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next