TSXV:HRE.H - Post by User
Post by
PineappleTraderon Oct 05, 2011 12:01pm
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Post# 19121301
What people forget
What people forgetHey Guys,
Its been a while since i posted. Even got a new account as i discovered i could not change the username (being bored of using one name since 2006)
Anyways,
I am super glad to see the end of the downtrend and has begun trading sideways. It could still go lower but for now...we are ok. Creating a great sideways trading range of 0.52 - 0.62. Now just have to ride it until Stans posts updates on progress or we get the fall rally in overall market / commodities.
From what i have read (trying to remember the book on TA, where its from), this is the time when we should be accumulating. The sellers have pretty much dried out. 0.50 is a major support area from the past. If you are bullish on the company, this is when you buy.
Until then, I will be accumulating / adding to my core and trading the rest, in case we decide to go start another downtrend.
Happy Investing/trading.
Cheers,
PT