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Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks
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To: kidl who wrote (37081)6/21/2015 9:32:31 PM
From: forbrydelsen  Read Replies (1) of 49402
 
Strikes me that its short term oriented Traders that follow these websites offering trading direction and they may well do fine following the site's arbitrary advice but Investors often would do better in doing the exact OPPOSITE of what these trading recommendations suggest. When a stock is getting very oversold and all technicals are negative then for contrarians thats usually the best time to be buying. Of course if you can wait for the bottom turn to take place and catch it on the way up, then thats a less risky strategy. Just like when a stock is doing well and all the retail investors are piling in right at the top when people are all posting such wonderful technicals. Do the opposite of the herd and you'll do better, unless you can successfully daytrade which very few people have the time or discipline to do effectively.
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