GNET @$90 "Average Down" MEANT BUY; Now @>$99: SHORT/SELL.
As I advised and predicted this morning, had you AVERAGED DOWN
which means buying more for your position on a declining stock, so that your average position is closer to the loss, making recovery quicker, by closing the gap of your higher (lost) position, and
current to predicted rising position.
Now, that done and said, you should have a profit at $99
($99+$90/2 = $94.5, $99-$94.5 = $4.5 "profit" @ $99
The technique of AVERAGING DOWN is well known, just don't get conned by your broker into doing this when your are riding a REAL LOSER.
(You guys know what I am saying).
Now that we are $99-$100 or so, SELL or for the courageous SHORT!
I am going to start dumping more right now.
Greenspan's speech on FREE TRADE shows concern for REBUILDING ASIA
and the rest of world's banking and financial markets, just like his speech recently on uniformity in bankruptcy or at least CREDITOR/DEBTOR rights in third world countries, so WE, and the IMF
know what we are getting into, and GETTING OUT OF in 3rd world debt and arbitrage.
HINT: Speech showed no CONVICTION on INTEREST RATES, recap on NEWS.
I hope this was helpful for some of you, tomorrow another bad day,
I do not know if you can be saved from getting BARRONed OUT Thursday.
I am,
Truly yours,
-Crystal ball |
