Mr. Trinidad, (RADAF again)
In your posting dated Oct. 22 #1478 you stated....."Technically, the stock is better off used as a long hedge in this choppy market. It has the tendency to participate more aggressively in downward market moves, and a coressponding inability to participate in market up moves. Overhead resistance at $11.75, and very light support at $11.00. The strongest support level is at $3.00. If these inventories keep bloating, it just may revisit this level. In addition, I expect the tax-based selling will add to the overhead supply."
Then in post #1504 (after our exchange of questions and answers) dated Oct. 26 you stated..... " One encouraging aspect of the stock price from a long perspective is the persistence of the support at the current level. This has caused the formation of a potential reversal pattern to coincide with the nearing long term downtrend line, one that resembles a tiny ascending triangle."
How in the world did you go from..."Overhead resistance at $11.75, and very light support at $11.00. The strongest support level is at $3.00" on Thursday Oct. 22......to......"One encouraging aspect of the stock price from a long perspective is the persistence at the current level [$11]." On Monday Oct. 26, Just 2 trading days later?
Then today you post (after stock jumps $2 to $13+)....."This one (ascending triangle) never fails, does it?
My question: Was it something I said?
Best Wishes,
Swedelo
PS: Old polish proverb...." He who takes all positions, takes no position at all." Sorry, I am an old Banacek fan. |
