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Strategies & Market Trends : Turnarund Investing
NOVS 0.0666-16.0%Aug 1 5:00 PM EST
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To: bankbuyer who wrote (957)5/1/2012 9:17:55 PM
From: Covenant1 Recommendation   of 1876
 
Here are a few of the reasons I'm here now. 1. Over-reaction 2. Oversold 3. Corporate Restructuring 4. Historically Low Interest Rates 5. Strong Liquidity 6. Low unemployment 7. Inflation in check 8. Obvious turnaround prospects/potential
What type of ill-advised (lack of) analysis is that? Falling knives cut. My reply to grahamcracker is germaine to that situation.

Message 28118765

In particular:

When I'm making a play against the momentum, I want the momentum to be changing in my favor. I don't want to buy something dropping like a rock until it stops dropping. Likewise, I don't want to short something that is going up, up, up. Just because something is overvalued doesn't mean it wont get more overvalued. Waiting for the price to stop moving against your intended position is prudent. I'm not going to short a 100% buy no matter how overvalued it may be.

Whoever posted the reasons at the top of this post should have shorted the stock instead of buying it. Fortunately for those who like to profit in the market, people like that poster are around handing away their money to the more astute.
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