OTCPK:MEAOD - Post by User
Comment by
wildman2on Feb 07, 2011 2:19pm
246 Views
Post# 18088234
RE: fear induced selling
RE: fear induced sellingI don't know about that. I began buying at 34 and added more at this level, but I don't know about wise.
I will say this: if you buy a stock under 30 on the RSI, you will make money 90 percent of the time within two weeks.
Add to the fact that this had a huge financing at 51 cents and frankly, this is a confident moment for me, not a fearful one.
What you need to be afraid of generally is something people are excited about with at RSI of 75 - that may look like a good purchase, but within two weeks 90 percent of the time you are huge loser.
we will see when it ends.....
I say pretty soon.