Chad;
Your forecasting of our WSP is as good as mine or mine is as good as yours. I do not think you would care that much as long as our forecasting is always good and accurate that is more important than anything else. I was so curiously and amazing to say the least; why the hell in this world there is another person could have that capacity to forecasting thing correctly; especially on our WSP.
I start to check your SI profile. If that information is correct at age of 24;, and you are still studying some sort exams, and the fact the matter you have build up this tremenduous capacity. Certainly I will congratulate you more than once or twice.
Having said that; I have come to the same reading as yours, on last Wednesday, it penertarted that support-line of that $3.11 to $3.05, I was thinnking that our WSP would on the same day would go down that $2.97 to $3.00 and take my stop loss orders. Very luckily, it did not on Wednesday, but certainly it gave me a good 'WARNING' that my bullish on our WSP is not going to capitalize; therefore I upgrade my stop loss level to hi level. That once it had penertreated that $3.11 twice. I would be out by all means. I took out all mine positions right around $3.15, $3.16 and some right around $3.10, and $3.09 areas.
INstead, of taking losses, I ended up very tiny profits.
Last Friday, our WSP went down to $2.95 and closed @$2.97.
If this uptrend of our WSP would continue it should not penetrate that $3.11 and closed up that run-away-gap as I mentioned.
This is in fact to me; our WSP is bearish to say to least; as the false signals were given.
Besides; that DOW is ever looking bearish, as President Clinton looks like he is going to be impeached by US Congress whole HOUSE; this is going to vote on up coming Thursday. When that happens that DOW might go down 600 points, people here I talk to are pretty scary about the stock market as Clinton's presidency is very likely at stake etc....
I really think that our WSP would go down that $2.60 to re-test that support level. It our WSP fails to do that I look next $1.77 for entry points or even that .34 cuz she totally fails to meet my expectation to test that $4.00 of 1996 hi and she decidedly went down only up to $3.33. Isn't this a gorgeous 'double top".
Having said that I understand I will be under lots attack it seems lots people on our WSP are bullish to say the least. The matter the fact is that I really don't care what they are going to attack whatever fomat they wish. It does not matter at all. I am having the same capacity as well as accomomdation as yours to deal deal with. Besides, I come to SI Talks especially on our WSP classroom to learn and to teach what I learn.
Finally; You should learn how to short this penny stocks EVEN ON OUR WSP FOR THAT MATTER, it appears most of them are very very very SPECULATIiVE, speculating out of nothing from the ground, from poromters, PR and News letter writers FROM THE BULLISH HYPE FROM OUR WSP BOYS.... IF you learn how to master the art of stop loss, you need not require a lots of capitals. Like the ones I just did it turn losses into profits. etc....
Mu understanding is THEY make living by doing what THEY are doing. IF they are really good, they shoud do what we do by trading in the market place.
This appears a long SI talks, in our WSP classrooM; as we understand it is 100% for discussion PURPOSESonly; nothing else.
John Paquet |
