Mays run to 23 looks more and more like a dead cat bounce.
Well so far it hasn't been nuts LOL.
I don't know what you mean about my stop blowing right through...I use stops, not stop limits.
I agree that PE doesn't matter when a stock has momentum. MAGS currently has none. Therefore PE is currently important. When the momentum and volume picks up, its time to be long. Right now its time to be short.
Use stops and there is nothing to fear.
Emotions are tough to fight when it comes to investing. You should consider stops.
By the way, I am a trader, and have been long MAGS probably about 25 times. But the momo is gone for now, so short is the way to play.
What is your average cost, and what is your threshold for pain (exit plan).
lol, no not really, i sell whenever i feel i need to sell, and i gaurantee i will not wait till 5 to ever sell, but i also gaurentee that we will not see 5, and i believe you just made another horrible post, you dont even know me or my psychology, pleas dont try to play prophet and explain to me what i will and wont do.
Good reply LOL. But if I am wrong, my stop will save me from any pain. You, on the otherhand, will just hold, waiting for miracles, until the stock is at 5 again and you start inquiring as to how a stop works.
Nice post jarhead, why can't there be an intelligent post on the IPIX board? All they do there is repeat the same junk over and over. It is the worst message board I have ever been on.
just watch and learn.
Oh, and by the way, it DOES SAY in financials that they had 0 growth in the last 5 years. I think your problem in not finding it is becasue they say it in numbers, not words.
I don't think you understand. They haven't grown at all in years, so why do you think they are suddenly going to start growing by 60%?. If they couldn't grow at all in the last, say 4 years, which should have been the best 4 ever for a company in their business, why will they grow at 60% going forward?? Do you see the problem?
i wont, and i have read it, there is no where in the financials that states "this company will experience 0% growth in the future" so thanks but no thanks.