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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (102092)6/5/2008 12:45:40 AM
From: Salt'n'Peppa  Respond to of 206118
 
Very nice explanation and well laid out thoughts dabum.
Thanks for the lesson.

What you say makes sense and I too try to think about mass market psychology when buying and selling.
I used to be one of the sheeple (a "praying person") but try to trade contrary to the crowds now.
It requires more patience but the risk/reward is a lot more favourable.

Let's see how END plays out over the summer.

Cheers,
S&P



To: chowder who wrote (102092)6/5/2008 6:17:40 AM
From: Madharry  Read Replies (1) | Respond to of 206118
 
Im not much of a chartist but it seems to me that I could just as easily make the counter argument that is most likely that the vast majority of the people who bought in the twos sold it a loss and took the tax loss, but now you have a number of buyers who purchased it below 1.25 who are sitting with wonderful gains in a short time and these are far more likely sellers than the "old timers", who failed to take a short term capital loss in this stock.


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