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American Capital Agency Corp. Message Board

  • mr.phil2u mr.phil2u Apr 10, 2013 8:58 PM Flag

    PSNC GLAD Opinion.

    I will not pretend to like PSNC , it has lost last two months the way I read the historical price charts. So I decided to treat it like a slot machine that has not paid off in a long time. I will put some Nichols in and pull the lever, but will tread lightly and sell the #$%$ on X-1 no matter the price.

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    • I think you mean PSEC. Jan had a 24 cent winner , Feb was a no trade and Mar was a 5 cent winner. Remember exit is on the Open of X-1.

      As each lose comes around its probability of being a winner on the next run is increased. So in gaming theory you should do just the opposite of what you propose.

      Most traders CANNOT do this, therefore they bet less on their last loser, just to see it turn up the winner next month and bet more on their last winner just to see it turn up the loser on the next run.

      This is how the big houses make their money. They "know" the public will resist playing the odds.

      Best,

      DocReits

 
AGNC
22.30+0.30(+1.34%)4:00 PMEST

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