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Security National Financial Corp. Message Board

  • livermore1929 livermore1929 Feb 26, 2013 4:34 PM Flag

    Buy it only after others tell you its safe too?

    I understand TA logic, however it gets you in a higher prices with the theory that you are protecting yourself from downside risk. I guess it depends what your time frame is?

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    • For me personally, it has to show me it's done heading the wrong direction. I think if it starts heading up again tomorrow, there is a good chance those same shorts will start to pile back in and cover before the weekly expirations, too. I got out at $8.50 to $8.60 per share on the way down and will probably get back in around the same area if it maintains direction...never really lost much, just protected from some of the possibilities.

 
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