RE:Downtrend?I really hope we manage somehow to finisn in the green today as it more and more looks like a downtrend is forming. I don't feel like going through another -20% while averaging down. So pumpers get to work please!
WillyWally wrote: Now we need to be on the lookout of a potential downtrend starting after this negative development. I sold my traders (which I bought @ 33.50) @ 37 and will wait on the sideline with dry powder. Unlike FD I don't have a crystal ball or a voodoo doll so I have no clue if a downtrend will develop but I'd rather be ready for it. This is a very risky stock to trade, although I'm sure an excellent 12 months+ investment at this point. Good luck to all! (and please, stop believing pumpers or bashers, there are too many on this board).