A diary of the thought process behind my investment decisions
Explanation
Part of the reason I was so quick to take profit is that I am headed out at 2:00 PM on a road trip for the weekend. I viewed my adds this morning as a trade and as a result am eager to start the weekend and get rid of non core positions.
I am not a technician but heres me trying to be one. It looks like MED is testing last weeks low on low volume. Seems like it should bounce. If the bounce is weak, get out.
Tsachy, your view is the reason why I am still holding this turkey. Once you're down money you can look at the worst chart and convince yourself it's bullish.
But I've seen charts like MED go back down 10 bucks too. This is a highly manipulated stock and I know that lot of hedge funds are short it.
10 comments:
SOLD 3/5 OF CPF @ 1.29
DOLLA DOLLA BILLZZ YALLLZ
-OL DAWG (AKA NADS OF STEEL)
congrats Dawg
Would love to get a chance to follow your calls in a bull market!
Go SAINTS!!
Thanks Dawg~
OL DAWG POLL TIME :
MED.... UP OR DOWN?
thanks OL Dawg, made a nice profit on cpf
YOU GO GURL
I am not a technician but heres me trying to be one. It looks like MED is testing last weeks low on low volume. Seems like it should bounce. If the bounce is weak, get out.
You know I am still eager to buy this dip and I am always wrong. I am not fearful yet.
Tsachy, your view is the reason why I am still holding this turkey. Once you're down money you can look at the worst chart and convince yourself it's bullish.
But I've seen charts like MED go back down 10 bucks too. This is a highly manipulated stock and I know that lot of hedge funds are short it.
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