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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Square_Dealings who wrote (49760)1/14/2006 3:51:10 PM
From: russwinter  Read Replies (3) of 110194
 
Well I don't know how you define "a break out", but this chart is illustrative.
stockcharts.com[w,a]daclniay[pd20,2!b200][vc60][iUc20!Lf]&pref=G

I bought a a large position below a buck, and as low as 85 cents. I sold most at about 1.80 (scaled out of some earlier) during the main parabolic. I just don't consider the phase we are in now one I wish to partake in, because yes indeed it has that Humpty Dumpty look to it. Speculative frothy phases almost always look like this, and I avoid them, but why confuse that with "missing the move", .90 to 1.80 is one I'll take any day? Fuzzy thinking in my book, but LOL.
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