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[QUOTE]Originally posted by Machiavelli: [QB] [QUOTE]Originally posted by Jo4321: [qb] Guess I jumped the gun on that one, mainly because it looked so overbought, I figure the "confirmation" and the big drop are going to be instantaneous. There probably won't be time for confirmation when it happens. It's gonna happen quick. (at least that's the plan!) [/qb][/QUOTE]Always wait for confirmation. No matter what. When you don't wait then you suffer the consequences and have no one to blame but yourself. The market is always right and not you. Btw Platinum, Palladium and other precious metals are at their all time highs and continuing up with no end in sight right now because of the economy being down. When the economy is down people invest in precious metals. SWC is a mining company of these metals and is the most significant mining company of Platinum family metals outside of South Africa where 80% of platinum metals are mined. There is no reason for shorting SWC when precious metals are on the rise. You knew that i work in the jewelry business. You should of asked me before shorting this. And again you should of waited for the Bounce first regardless. And i will take a wild guess you did not have any Stop/Losses on the first five of your list and this one because if you did your losses shouldn't be that huge. [/QB][/QUOTE]
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