RE: RE: RE: RE: RE: Close down $0.24, $1.60 NomadI few thought.. not just directed at stocksnblonds but to all those trying to either get smart or think they are smart by using stockhouse boards.
Obviously some read charts better than others. A few on here have a better idea when to buy and when to take some profit.
Bullchart, myself and at least 3 others are paying for shares as we go. Some are only working with 5000 some have 20,000 and always try to have capital at the end of the day or next morning to grab more, take the profit and then with the profit add to the longs. I have mentioned this over and over- this is a great company beat to .61 from the 8.00 IPO . 1/2 a brain would tell you to make a plan and stick with it.
No one get's a free ride. They are not going to come out and give anyone the exact way they come up with numbers. Read between the lines and you will have a pretty good idea. Read all the charts you want.. that is a small part. Numbers do not just "pop" out our heads.. Years of winning and losing have given some a better market feel than others but those that have 1000 or 10,000 shares all paid for don't have to worry about numbers, take out, or anything all these hot shots and want-a-be traders come up with.
Today- tomorrow? I agree with Bullchart and Tfalc looks like the 1.30 or even 1.25 on lower volume. Oil went into 47.00 overnight and could see 45-46 before this is over.
The Dow rallied off 6500 and now they come up with more gloom and doom to pull it back a bit. Could still rally again toward 8500 but overall and down the road I expect the 6500 to break to 5000 before the Dow ever sees 9000 anytime soon. Meanwhile I should see some profit on AEM today as Gold rebounds another day. Sector rotation.. back and forth ... as the wall and bay street "experts" gamble and try to get out of the mess they are in. Nothing and I mean nothing is "sacred" anymore... dividends? bluechips? moneyfunds? ETF's?
I was a cool 21 in 71.... In the 70'syou could buy 250 gal of gas with 1 oz of Gold... today you can still buy around 250 gal of gas with 1 oz of Gold. A loaf of bread then was 25 cents ..today it is 2.00.. INFLATION.. it will get worse. Gold and oil are now back to the ratio they should be.. Oil was stupid at 150 just like it was stupid at 80 back in the 70's. Oil at 140 should put Gold at 2500.. the proper 18 x ratio. It was not rocket science to know that something had to give when Oil was 150 and Gold stayed back at 800-900 oz.
My comment yesterday at 10:54 .. "a close near the low" The 1.60 low did not hold but close enough. One day opens at the high - hugh volume - next day closes at the low - lower volume.
Have a great day everyone. I will try for some more free OPTI today.
greenpasture
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4/7/2009 10:54:32 AM | | 252 reads | Post #26609190
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Tfalc... I am just about to take my 11 am profit... can't beat a .20 cent swing on a down day to gather some more.. (1600 more freebies) I do expect the low today to hold but a close near the low... Picture was great... Yesterday open at the LOW.. Today open at the HIGH.. A thing of beauty ...