Winner,
A flip, may be, but a flopp, never. Any way, let me just say that your insight is greatly appreciated.
But as we all know it is hard to call the bottom on any stock, there is no one who can do that consistently. Since the goal is to buy low and sell high. Why wait till the lowest point? The way these stocks have been moving, there is a quick swing in the psychology. I don't know what has changed (at least I cann't find any public information) in 3-4 days for LOGC to move from $4 to $6. Mind you that the NASDQ has moved to a new record, but that doesnot explain why LOGC went up about 20% yesterday and continues to move up today. I am glad I got in around $5 sure if I had waited I could have picked it up at around $4, but there was no guarantee that the stock would have gone down to $4 before reversing the trend. It could have just as easily gone up from the $5 level. I guess my point is that fine tuning and trying to pick absolute lows and high can get one in trouble.
If you really think this stock will be moving back to $10 or whereever, why wait till May 15 or whatever magic date you think it should be.
Good luck to all
Adam |
