RE: Am I doing TA or just guessing?
<I expect the price to drop to 13 1/2 by tomorrow.>
<< Is this just a TA prediction? How could you predict such a move? >>
My expectation is based on staring at the 3 month and 6 month charts.
Always, before the expected big moves,
there was a run up followed by a small sell off.
After staring at the charts for a couple of hours,
at about 3am, I felt (in my gut) that GMGC would repeat history.
From most perspectives, this is guessing;
I call it Ray's version of Technical Analysis.
I believe that inside of me there is a master magician who
"takes care of me". The only problem is that sometimes my wizard
is destructive rather than constructive.
That is the struggle with me, am I destructive or constructive?
Either way,
I want to always put my money in line with my gut feelings.
It has served me well so far.
As far as my position is concerned,
My account is worth what it is worth.
If I'm short and GMGC goes up,
then I buy back fewer shares.
I haven't lost money, only a reduction in the number of shares,
lesser leverage in my position,
and missed out on possible gains.
If I've guessed right, then I end up with more shares
and greater leverage in my position.
Either way, the important thing for me was to trust myself and my feelings.
Let's see what tomorrow and Wednesday bring.
Good luck to all.
Ray |
