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WuXi PharmaTech (Cayman) Inc. Message Board

  • carolyn_novice carolyn_novice Feb 25, 2014 11:15 PM Flag

    bigg_redd_rockett question and response WX @ 39.27

    bigg_redd_rockett #7 makes me laugh. Gee, you mean one should not buy at the top and sell at the bottom.

    Please read the message again, and comprehend.
    -------------------------------------------------------------------------------------------------------
    7. Do not hesitate to take your profits; you may be able to re-buy the same stock at lower prices.

    SELL WHEN YOU THINK THE MARKET IS DUE FOR A REACTION!
    SELL AT THE TOP * * * NOT AT THE BOTTOM
    BUY AT THE BOTTOM NOT AT THE TOP
    ------------------------------------------------------------------------

    Weekly-----------Volume-----------High-----------Low-----------Volatility
    6-Jan -----------8,634 -----------37.99 -----------34.68 -----------3.31
    13-Jan -----------7,289 -----------38.45 -----------36.28 -----------2.17
    21-Jan -----------11,214-----------38.26-----------32.50-----------5.76
    27-Jan -----------5,919 -----------36.51 -----------33.50 -----------3.01
    3-Feb -----------7,203 -----------36.10 -----------32.40 -----------3.70
    10-Feb -----------4,470 -----------36.10 -----------34.71 -----------1.39
    18-Feb -----------7,218 -----------39.00 -----------34.81 -----------4.19
    24-Feb -----------14,052-----------40.72-----------38.98-----------1.74

    Average Volatility = 3.36
    This week low is = 38.98….so far
    Average Volatility = 3.36
    High should be =38.98+3.36 = 42.34…..unless WX goes down below 38.98 a gap opening

    If the stock is closer to 42.34 (Expected High) then sell it and you will be able to buy cheaper…..Sell when you think due for reaction, sell near the top.

    bigg_redd_rockett Thought we were going to break $40 and hold it this AM, but not to be.

    On Monday February 24, 2014, WX was up for 5 days in a row, to make six days it has only done once in six months, that also around Christmas. So the sellers.

    I am a trader and these messages are for them. Look at the volume in the past two days, nearly 65% is buying and selling on the same day.

    Good Luck!

    Sincerely,

    Carolyn Novice

    Sentiment: Strong Buy

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    • I don't trade much Carolyn, never been good at it. I think WX has a great long term potential, and I am in it in the mid $30's on average, so will sit and wait.

      Thanks for you info above. I simply am not smart enough to be good at trading though.

      • 2 Replies to bigg_redd_rockett
      • Don't worry. Traders lose money over time, although they seldom admit it. If you analyze their trades over a 3+ year time period you'll see time and again that they UNDER-perform plain vanilla, low cost index funds! They just like the action and boasting about gains, while conveniently overlooking losses. Every study known to human-kind substantiates this conclusion. GL

      • On His Blindness is one of the best known of the sonnets of John Milton. The last three lines (concluding with "They also serve who only stand and wait.") are particularly well known, though rarely in context.

        Reminds me of John Milton .

        You krill do very fine in the long run. I like other traders will be in and out many a times with small
        Profits or losses. Most of the traders came in after WX consolidation and new high.

        Good luck!

        Sincerely,

        Carolyn Novice

        Good mutual fund for you BFOCX.

        Sentiment: Strong Buy