Originally posted by Websman
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"Trade What Is Happening...Not What You Think Is Gonna Happen"
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Bounce Hell, It almost looks like a GRAND SLAM!!!!!!!!!! GRATE JOB
Do you use T/A,,,, OR ,,,, do you use K/Y
Sure showed us who was BOSS today.
I must admit, It sure is nice when this happens. Can't wait to run my weekly % cheack this week. Keep on, getten along, little dadoggy. ===> MEAGO BIG RED!!!!!
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Much as I'd like to claim being the BOSS, the recent activityis still either just a bounce, or could be a turnaround. Those one day numbers were great, but this is my current return (as of this moment) on those stocks, since the various buy dates:
WITS +7.65%
HSKA -55.85%
AUO -37.57%
HBIO -16.98%
SDGL -29.89%
PHMD -39.18%
SINT -13.12%
It's going to take a few more days like that to get back to even for the year.
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Originally posted by stenzrobMuch as I'd like to claim being the BOSS, the recent activityis still either just a bounce, or could be a turnaround. Those one day numbers were great, but this is my current return (as of this moment) on those stocks, since the various buy dates:
WITS +7.65%
HSKA -55.85%
AUO -37.57%
HBIO -16.98%
SDGL -29.89%
PHMD -39.18%
SINT -13.12%
It's going to take a few more days like that to get back to even for the year.
Chris
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Originally posted by ChrisZXWJHi Stenz, it's been a while. I took the summer off from investing because I've been too busy to keep track of things as well as I would have liked. I see lots of red there, so maybe I did myself a favor. If you were to start all over, what would you pick going forward?
Just to reiterate a little of my philosophy: In my mind, it doesn't matter whether a holding is currently up or down. Only going forward matters. So, it's not inconsistent for me to have sold something like LENS at a loss if I have no confidence in the company going forward yet hold onto HBIO and others when they're down. I don't sell at a 15% gain if I see something continuing up. Like $$$MM$$$, once I buy a position, I will hold until the gains materialize. Unlike $$$MM$$, I will sell if I think the company has gotten into trouble and will experience further losses before turning around.
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Sold LINK
LINK - Decent news flow. One deal (discussed on LINK board) with no PR. New PR this morning in another area of their business. Technicals look decent, with a several week long upswing from a test of support in the $7.50 area.
All of which means nothing to me now, because they announced a secondary offering yesterday, and I sold it all.
If you remember, I applied my experience with QUIN secondary to APTI when the same thing happened. No matter how much I may like LINK, I just don't see how buying pressure is going to move a stock up when the average daily volume is under 50,000 and they are going to put 1,750,000 shares on the market. That's over a months worth of demand!
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Go WITS"Trade What Is Happening...Not What You Think Is Gonna Happen"
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WITS imminent breakout?
Originally posted by IICGo WITS
I had a lot more of this at one point and lightened up, but still holding the original position bought at $11 back in February, and it's still my largest holding. Used the proceeds from WITS-lightening to add to position in SINT.
SNCI also looks to be rebounding a bit. Still holding original position that's way underwater, and trading it a bit.
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Wits
Where the heck are you Stenz??? We should be dancing in the streets.
I put over 50% of my wife's IRA in WITS in early April and I added in other accounts on 6/1...To be honest, in retrospect, it was stupid of me to go in so heavy w/o cutting losses...but now I don't feel so bad(dumb luck)...I should've sold and watched...and Bot back.
Anyway, WITS has closed up 11 of the last 12 months and 16 of the past 19 months. Looking at monthly charts it looks like a good B/O."Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
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