The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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RWS

To: RWS who wrote (59825)	8/12/2020 12:19:34 PM
From: Doug R	1 Recommendation Read Replies (1) of 79438

RWS, When SAVA crashed I believe nobody was in it, fortunately, due to selling around target lines. Afterward it retained it's ability to produce large % quick moves. IBIO will retain that as well. There are several ways to handle your situation in it. You've mentioned two of them. Another is the old "avg. down". Which doesn't eliminate the prospect of "cold storage" and ties up capital. I don't see IBIO doing real further damage from here so it's a question of the capital involved and the time IBIO takes to get its sht back together technically for a return to large % quick moves....which may or may not "stick" until a next one higher is made back into levels where avging down makes time value sense. I'd maybe start calling the capital tied up there now, "available" for a different vehicle. So...a type of cold storage...but in the fridge not the freezer. Front of the shelf for easy access. PS...Somehow I still have 5 shrs of it out of the couple thou I had. Just shoved them to the back of the freezer. Not enough "available" to be worth the effort in my case.

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