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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Chris J. Horne who wrote (11289)12/22/2000 5:33:27 PM
From: geode00  Read Replies (1) | Respond to of 42834
 
Chris. I guess you didn't understand the gist of what I was saying. I'm still in this trade, I've never panicked and I never will (unless it goes to 115 then I'll panic sell).

I'm watching this trade for a nearterm out and then a nearterm back in. I'm considering that Bob could be really, really wrong on the upside and I'm trying to figure if the next downdraft will bounce (3rd time?) on lower volume.

If that's the case, then I'll consider an updraft toward 2800 or so (I'll have to look closely) as a near term sell. If it shoots through that on the same day then I'll hold. Otherwise, I suspect it will be another false rally like the one to 74 and change.

I sold out then but bought back in too soon. Still sitting with paper losses, real (and taxable) profits.

Again, if you don't like my posts feel free to not click on them! If you have more to add to my analysis, please do so. I welcome your better judgment.