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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?


To: Charles Kalb who wrote (25317)1/22/2000 2:13:00 AM
From: Berry Picker  Read Replies (1) | Respond to of 26850
 
I have been done in too often by "false" breakouts :-}

I remember this fellow telling me that he was sitting with an old investor once who was trying to explain something to him...

He said "I don't care about the nice dark beef on the outside of the roast ( although it is nice if you get some )
and I'm done trying to get the very center .. it may be too rare anyways...
I will settle for the meat in the center.
That is where most of it is anyways."

Trying to catch a stock at the bottom (Dark stuff outside)
and trying to catch the very high (Which is always rare)
are very gratifying to the pride but very dangerous practice.

One is better off to jump on the " Band wagon " once it is rolling and got a little steam and get out before it starts to roll back downhill over everyone.

I have counted quite often 2 false starts like the one we just saw and then the real one many times..

It's almost like Babe Ruth at baseball 2 strikes for fun and then a home run.

I think 'value' players should buy in this range but 'tech' or day trade types should wait until they see the run established.

We are still sideways for now :-{

Looks good to bottom right here if "ANYTHING" would happen.