MFLX ==> The Exelauno Day Winner

[DSteckler]

Time waiting is money lost, Ernie. If it takes 6 months to hit your target and the funds could have been invested for a profit elsewhere during that time period, you lost money.

[spikefader]

Can this thing go any lower? Unreal.
It's been a real lesson in choosing a sell-point for me. I was +20% in this a couple of weeks back and held it to try and get nearer to MrMarkets target figure. Ouch.

I feel for ya dude, and anyone else who is a bagholder. If you're lookin' for the boxing glove, I'm sure there's one or two lying around in my office I can lend you And sorry to tell you yes, it can go lower and no, it's not unreal. It is brutal, unwelcome, disheartening and a pain in the HUGE rear end, but if it's one thing, it's real. Take a fresh look at charts like MOVI and ZICA and even one of MMs old dogs BEL to remind yourself that charts can get ugly with no or little reprive.......even MM stocks. And if you're looking for technical things to learn from this, go back and read this thread again.

You may have a plan like MM's to weather any and all downside. If so, gap theory, patterns, and significant bearish price action isn't your concern. But I have looked back to 11/8/04 and see a gap at 12.85. And if that doesn't hold it's uh oh long-term, and it's nail in the coffin if it ever gets under 6.12.

That long-term band action its showing today is extremely bearish. A close under 36.00 would be a fresh warning from me.

Again, commiserations to those long

[mrmarket]

Time waiting is money lost, Ernie. If it takes 6 months to hit your target and the funds could have been invested for a profit elsewhere during that time period, you lost money.

That hasn't happened in 80 of my last 81 trades. I'll stick to my system, thanks.

[DSteckler]

I don't think you're understanding what I was saying, Ernie. MFLX is down now from where you purchased it. HOM was up 20% in one day. MED made a big move in one day. If you're money was tied up in MFLX, even if it ultimately works out you missed the opportunity to make big scores elsewhere.

[Lyehopper]

Redneck TA for MFLX....

Lye's target....

[Lyehopper]

I feel for ya dude, and anyone else who is a bagholder. If you're lookin' for the boxing glove, I'm sure there's one or two lying around in my office I can lend you And sorry to tell you yes, it can go lower and no, it's not unreal. It is brutal, unwelcome, disheartening and a pain in the HUGE rear end, but if it's one thing, it's real. Take a fresh look at charts like MOVI and ZICA and even one of MMs old dogs BEL to remind yourself that charts can get ugly with no or little reprive.......even MM stocks. And if you're looking for technical things to learn from this, go back and read this thread again.

You may have a plan like MM's to weather any and all downside. If so, gap theory, patterns, and significant bearish price action isn't your concern. But I have looked back to 11/8/04 and see a gap at 12.85. And if that doesn't hold it's uh oh long-term, and it's nail in the coffin if it ever gets under 6.12.

That long-term band action its showing today is extremely bearish. A close under 36.00 would be a fresh warning from me.

Again, commiserations to those long

Good post Spike....

Another good example of a strong stock with great earnings that really got beaten up is OVTI in "04".... Go back and look at this power house stock (OVTI) after it started it's big slide back in Q-1 and Q-2 of 2004.... Rockin'Rob and me both got hurt by this one. I dumped @ around $17 after the gap down (early June) and took my medicine.... it kept falling too (from $33 to $9 a 72% haircut).... It was a great (yet VERY painfull) learning experience for me.

[lemonjello]

For anyone still holding and you are a trader-type - if you sell it you can always buy it back. Nobody will care. The CEO of MFLX will not call you.

Like Buffett says - in the short term the market is a voting machine; in the long term it's a weighing machine. Right now the vote is against MFLX. If MFLX maintains is earnings growth eventually the weighing machine will take over and over-ride the voting machine.

I haven't seen anything that indicates the MFLX business is crapping out. The institutions think inflation and a recession are coming and are bailing out of chips and semis and everything gets taken out. It might be another great buy eventually.

Good luck to everyone.

[mrmarket]

I don't think you're understanding what I was saying, Ernie. MFLX is down now from where you purchased it. HOM was up 20% in one day. MED made a big move in one day. If you're money was tied up in MFLX, even if it ultimately works out you missed the opportunity to make big scores elsewhere.

It's easy to make great trades in hindsight. That doesn't mean my capital would outperform my existing position in MFLX.

What I AM saying is that when I hold my picks, even after big drops, they almost always outperform the market over the time horizon I hold them.

Last time I checked, beating the market was a good thing and there are hundreds of Wall Street professionals who are rewarded handsomely if they can beat the market.

[sisterwin2]

MFLX looks like it is trying to make a comeback (hoping) .....9.65% up as I write..... Maybe that artical of being #17 hot stock is helping.

[Jack Haddad]

It's easy to make great trades in hindsight. That doesn't mean my capital would outperform my existing position in MFLX.

What I AM saying is that when I hold my picks, even after big drops, they almost always outperform the market over the time horizon I hold them.

Last time I checked, beating the market was a good thing and there are hundreds of Wall Street professionals who are rewarded handsomely if they can beat the market.

Erine, though I'm not familair with the fundamentals of the company, the technicals are bearish-- the stock is trading well below the 13, 20, and 50 EMA. Are your shares hedged or are you dollar cost averaging? Today's bounce might provide a set-up for a short opportunity.

[mrmarket]

Erine, though I'm not familair with the fundamentals of the company, the technicals are bearish-- the stock is trading well below the 13, 20, and 50 EMA. Are your shares hedged or are you dollar cost averaging? Today's bounce might provide a set-up for a short opportunity.

I'm holding them til I reach my target. I am unhedged but diversified.

[DSteckler]

Erine, though I'm not familair with the fundamentals of the company, the technicals are bearish-- the stock is trading well below the 13, 20, and 50 EMA. Are your shares hedged or are you dollar cost averaging? Today's bounce might provide a set-up for a short opportunity.

Agree with you on the short setup.

[mrmarket]

TA traders have the attention span and patience of a flea.

[Jack Haddad]

TA traders have the attention span and patience of a flea.

LOL... Go Ernie! That statement tickled me...LOL

[DSteckler]

TA traders have the attention span and patience of a flea.

On the contrary. Daytraders have a short attention span. Some technicians, like cycle theorists, measure moves in weeks, months or years, depending upon the cycle. For example, the Kondratieff Wave is a 54 year cycle.