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Kips Bay Medical, Inc. (KIPS) Message Board

  • arufalo arufalo Nov 9, 2012 6:13 PM Flag

    Predictable patterns today

    The novice traders fall into the "frensy trap" and buy near the top while the more seasoned wait for the inevitable retracement, and in this case it was big in response to the big move up. Therefore it would have been ideal to wait for the 25% retracement from the top to buy at 1.34 and then get out with 18% return intraday. Of course it looks easy in hindsight but these patterns are repeated over and over again and could be a basis for a trading program...Then may I point to an up and coming company in the exciting field of rear earth mining and refining; LYSCF

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