GREY:PGDIF - Post by User
Comment by
mill44on Jan 20, 2015 12:08pm
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Post# 23339522
RE:RE:Kaiser's
RE:RE:Kaiser'sMy mistake was not to care about technicals in this case. Like when I got a call when PGD hit 80c saying I told you so. I told them I had never seen a stock hit 52 week high acting so weak. But who cares about technicals when news can take care of all the problems, no? Anyone who has been here long enough knows the outcome.
Technicals are not just the trend but the strength of it as well, besides other stuff. Watching key points to anticipate direction. Like when I said at 18-19c that the only reason to hold on to a 15 -20% gain is greed, which is seldom a good advisor.
About admitting defeat, you could say that it's only over when it's over and you hold on to a 90% loss because a news could take care of all your problems. It is all about the time you allocate to the trade. But like you said, it is all about the timing. That's why I say go with the fundamentals but watch the sentiment, make sure it confirms what you think.