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ReneSola Ltd. Message Board

  • garrigan69 garrigan69 Mar 21, 2013 1:10 PM Flag

    HAG, Hope you covered.

    You made a nice profit and I'm sure you'll get more ops in the future.

    Sentiment: Strong Buy

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    • hi, I am just back at the PC and admittedly I was quite wrong on this one today - would have shorted more at $1.66 but Interactive Brokers currently finds no stock to borrow against.

      still short the original position but stop buy will be triggered if the stock manages to cross $1.85 - stock has been strong all the day on the heels of another (though rather small) long term credit agreement while most peers this time are down.

      Bottom line: was very wrong today on the stock but as this bump was news driven I am not ready to pull the trigger yet. Good luck to all.

      • 1 Reply to hageneriksson
      • You'd be surprised how much technicals play a part. If you are trading news releases and not following simple moving averages, macd's & RSI indicators you are trading blind. I set my chart to 1yr interval and the technicals are extremely helpful.

        I'll admit I took my eye off the charts lately as I just kinda figured I'm in for the long-haul, but after seeing a 50% drop I realize that it's pretty stupid of me not to play the swings.

        We were sitting on the 200-day SMA yesterday, this is a HUGE technical level and all pro traders are watching it like hawks.

 
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