SI
SI
discoversearch

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.
Gold/Mining/Energy : Copper Fox
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Underhill69 who wrote (9950)3/15/2016 12:33:06 PM
From: louel4 Recommendations

Recommended By
dsikorsk
Hog Head
mahzman2
Tap66

  Read Replies (1) of 10654
 
The term weak hands was made up by professionals to encourage others to hold while they themselves got out. It was thrown around as a derogatory term trying to embarrass those who took profits.

I don't know how much you trade. Money is made not by being right in ones own mind. It is made by being on the right side of the trade. Meaning holding long or being short in the direction of the trend.

David and others I believe sold off a bunch. It has nothing to do with being "weak" It has to do with protecting your trading account. They knew exactly what they were doing. They have been involved or connected to these kind of ventures for years. They were on the executive & director boards. That is why they say watch what insiders do.

For retail folk who are not privy to the information they are. When a stock has had a good rise then falls below it's 50ma. It says the trend has changed. It is now selling below what the average price buyers were willing to pay over the last 50 days. And shareholders have been steadily selling off for two and a half months. That says something . The stock is in a down trend.

When price falls thru the 50ma the 20 day moving average is not far behind confirming the slide. Pull up some charts on various stocks and look.
I think what retailers don't realize is. The majority of shareholders come from all over the World and never ever read S/H, A/G or this board. And many of them are professional players.

With a discount broker, It only takes $9.95 to sell and $9.95 to buy back in again when it is lower. Some brokers as low as $4.95. You loose that much with a one cent drop.

Personally I sell and take profits on anything which drops below the 50ma. I don't
care what kind of story it is. I can always buy back in again if it reverses for under $10

I have been Trading for over 45 years still make mistakes and have some losses. But not near as many after I changed my strategy.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News