RE:TOMMY1 long read (ignore the board) DO THE MATHInteresting Richard and I have done very well with the same technique as you by buying stocks after major sell-offs but how many times do we need to see CXR stock plummet well into the double digits in a day before we say "enough". There may be a little bounce but for me, that is too risky. CEO is untrustworthy and I would not be surprised if we will hear of some other dirty little secrets in due course. I feel a real sense of relief getting rid and I wish you all the best with your investment.
richardtrader wrote: 2016-08-11 buy price 21.40
2016-08-12 sell price 15.56
3:50 today bought 1.5 x the amount of shares I previously held
crx has tested the 40% range which I'll see if that works
next I will test the 64% range from the 21.40 previous day
No, stock no matter how much you hate it believe it or not still has GREAT TRADES
that is what I do, TRADE some I made a killing on
nortel buy 2.25 sell 5.50, enron, sino-forest oh so many more
people always make the mistake of buying high selling low, some advice to turn losses into
profits do the opposite (not saying hold it, but trade it)
The MARKET recognizes over-sold/over-bought stocks I use Fibonnacci 40-64% rule on a
down-trending stock WORKS so is 40% downside does not hold sell and wait for the 64%
downside price then BUY (works all the time)
Tommy bring up some charts to see what I mean look at today
T.cgc open 4.20 news sold off to 3.83> close 3.94 or
T.IMP open .34 news again Brexit related sol-off to low .23 closed .25
Just, saying TOMMY1 there is a way of getting some of your $ back
Just use those #'s I mentioned from previous high before sell-off and they again are
40% & 64% worst case I've seen is 70% sell-off, but to get 20,30,40% and sometimes more
back off your losses, well I'll leave it there and Tommy1 sorry for both our losses, but I'm getting
mine back.
A lot of people are angry here and have sold-off thats just what the market wants
USE IT
Tommy1 as I said 3:50 today I bought shares at 12.957
now check out NASDAQ AFTER-HOURS OR CXRX - US
what do you see HUGE SUPPORT AT THIS LEVEL
Smart people buy when it gets really ugly and profit
Tommy1 use your better judgement