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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KymarFye who wrote (79527)	7/5/2001 9:39:46 PM
From: eichler	Respond to of 99985

LOL "Return assured"...makes me laugh too (they are connected to Lloyd's of London and IBM I think) The reason I don't mind holding underwater on a POS (they are ALL POS - LOL) like that is that "when" it returns to popping action, it can spike massively, turning my underwater into a big gainer... I'm in at .19 (very embarrassed, hehehe I got no damn patience!) and I should have held off from entering until it Returned completely to the break out point (.12)...AND I'm very aware of that phenomenon.....Good thing was I didn't jump in as heavily as I often do... (it was that $compx bearish H&S pattern that scared me). As an example, 5/21 it was .12. The daily stochastics produced a buy signal 5/22. 5/29 it hits a high of .94. From .19 to say .60 is 300%+ gain!!! Unbelievable, but typical for these POS stocks...just don't want to marry them! BTW, daily chart stochastics produced a buy signal again today. Methinks if they run it up again, I won't be feeling too stupid from .19.... So....you are right on the money. Big losses possible (.19 down to .12 = 37% loss = owwie!) But after today, down only 21%...hehehe Tomorrow???? What me worry? ggg No guts, no gusto, eh? Regards, Eichler At some point, I will look at options. Right now, I think it might be foolish to try something different from what seems to be "working" very well.... But I think I should learn...