posted
Guys, this stock is falling, but if you take a look at the market in general, it is horrible, most stocks follow the market unless some huge news breaks out such as a cure of SARS or something.
If you sell this stock now, you will be cutting your losses to someone that knows what they are doing and they are the ones that bought from you. Then they will stick it out and wait it out, and make 2 or 3 times what they bought it for.
I am in at 115 and I won't be selling no matter what right now because the market will turn and when it does, I will recover most if not all of my money.
Cheers!
Posts: 318 | From: Toronto | Registered: Jun 2005
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quote:Originally posted by Interesting: The RSI chart on this says oversold, way oversold.
That's why I was waiting for it to go down to about .05 or lower to get in. Good luck to those in it. Take a profit and run.
Posts: 2132 | Registered: Sep 2004
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posted
Oversold could mean that there will soon be a shortage of sellers, no more sellers to sell because they could have all sold out (possibly). When buying pressure starts, the price usually goes up.
Posts: 203 | From: Ft Collins, CO | Registered: Nov 2005
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