GREY:HRIVF - Post by User
Post by
Power1on Feb 28, 2009 9:32pm
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Post# 15811531
Locked and reloaded
Locked and reloadedThe strategy seemingly paid off and I thank those with weak hands driven by the anonymous blocks. I'll stay long unless we have another unsupported 50% plus blip. I thought we would test .15 but .16 was just as good.
Just a guess but I think we will see news early next week and HRG will establish a new base. I also believe the news will be relatively favorable. My spidy senses are tingling and not just because I reloaded. With the right news I'll be buyng even more.
Good luck!
In closing....you always have an opportunity to buy a stock and make money. Opportunity cost can sometimes be painful but tomorrow is always a new day and another opportunity and lord knows there is no shortage of stocks. It is far easier to sleep taking profit and maybe missing further gain vs taking a loss or losing a gain isn't it. Market timing isn't all it's cracked up to be but when a stock moves up 50% without news it will usually give up a portion of those gains. THe same happens on the downside with the deadcat bounce. I compare these opportunities to doubling down at the blackjack table on an 11 against a dealers 6. SOme times it works and sometimes it doesn't. The odds are usually in your favor. Just a little food for thought. Every investor must make their own decisions. The downhill ski slope for HRG has been a long painful one.
My wisdoms, good or bad like it or leave it, are Buy when it hurts, Sell when it feels good and never ever fall in love with a stock. It can blind you to the reality of the situation,. Setting your target prices up and down is also important in my mind. My next targets on HRG are .30 and.12. If and when it goes to .30 I'll reevalute. If it breaks .12 again I'll be out waiting for a bottom and uplift which may in fact result in buying back in at .14 or .15. Each to their own!
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