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Gold/Mining/Energy : ARUR - American Resources Technologies, Inc. (Bull's Board)
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To: im a survivor who wrote (119)4/1/2006 7:52:12 PM
From: rrufff  Read Replies (1) of 235
 
I think the only thing I disagree with is "tale of the tape."

In a lot of these pinkies there is no such thing. TA is worthless. If you believe the fundamentals or at least a fraction of the story, you can make a lot of money. If one seller decides to sell, maybe because he has what he thinks is another hotter MOMO play, then you can have what we had on Friday, 5 trades which make the "tale of the tape," look awful.

But that's the beauty of trading these things. You can then have other people look at the "tale of the tape" and then panic. So, based on nothing, you can have a stock tank. I had someone PM me that he had to do exactly that, sold to get into something he felt was "hotter." So who knows?

I like to buy in those circumstances and then sell when everyone is extremely excited and you see the "tale of the tape" looking like it's "going to the moon," and often you see the one liners on message boards saying the same thing.
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