When such obviously good news doesn't move the stock, I see I don't understand anything about this company and shouldn't be investing in it. I bought in August of 2003 and am now selling with a very small gain. I should have sold last winter or bought this winter but I just held on. Lately I was just hoping to break even and it now looks like that's the best I can hope for.
It has been educational. I have learned a lot and found a decent dentist to spend my gain on.
Good Bye and Good Luck!
<<I do want to know more about how you've adapted Donchian though (and how his name is pronounced!), since I think by plain Donchian you would have had a buy signal, and you didn't call it for whoopity.>>
I basically use the EMAs for general market setups and oscillators for timing entries. It's Donchian in a sense that he is the father of the MA crossover, but the rules are different. If we hold here, I should be making an entry pretty soon.
But lately I've been breaking the rules a bit if I see a nice trend developing even if the charts seem OB...this seems to work especially well with the indexes.
In retrospect I could've nibbled on BLTI last week, but frankly I'm obsessed with energies and metals right now, so I'm not paying close enough attention.
I really like the "Only Nixon could go to China" concept. Myself I'm very comfortable with the idea of going short when conditions warrant, but it's most important in my world to be awake and flexible...kind of the "zen" trader thing I guess.
Anyway thanks and we'll see how BLTI develops this week. Keep up the good fight.
"But thank you for saying that, because that's something that crosses my mind frequently after reading all of these hand-wringing posts"
Since you like Klingon, let's talk Vulcan:
"Only Nixon could go to China"
This means that Richard Nixon had to build up his anti-communist credentials (Alger Hiss and things like that), before he could make peace with China, which created a new enemy for his real enemy, the Soviet Union.
You and pkewl get attacked on this board for being willing to sell occasionally. I have major anti-basher credentials here, and I want peace here with sensible people.
There are "bashers" here who bash based on emotion and personalities, and I will keep flaming them as useless fingers on the keyboard.
I do want to know more about how you've adapted Donchian though (and how his name is pronounced!), since I think by plain Donchian you would have had a buy signal, and you didn't call it for whoopity.
I ask because the more I understand about "everybody else" the better I vainly think I will do anticipating them ("them" not being "you DD" specifically).
<<Didn't you used to be someone who sold and bought lower?>>
I don't think so. I sold in two trades, half at 14.30 and the other half at 10.60. Both at a loss. I had traded below 10.60 prior to the run to 21 making a point or two now and then.
Incidently, one of the big alarm signals I forgot to mention, other than the black suits, was the run up, sell down, and then the repurchase at the lower price. Maybe it was legit. Maybe not. But it sounded the warning bells.
After reading everything that took place yesterday, I see more positives than negatives. I think the Surgilight deal could pay off well for share holders in the future.
Hearing Cozeans name makes me sick, but the bottom line for share holders is always the most important.
I was shocked to see all the negatives when I first signed on yesterday. But after reading and judging for myself, I see little reason for alarm.
I hope it isn't true about some longs hoping to spread fear in hopes that they could buy cheaper shares. That's not a good thought.
<<Damn. folks are really getting testy here. Jeeze, Drill, all I said was those trades were, while profitable, not really worth the effort. IMHO Why is every one so uptight and defensive?
I'm out for a while except for a hand full of WGAT. Not sure why I'm holding that. >>
People are usually defensive because they're afraid that you're right and they're not actually the king of the universe.
And I still like WGAT in here, although I expect it to be sideways/slightly lower over the next few weeks. I'm standing pay anyway.
<<The worst thing that can happen by selling? The stock goes UP. The problem is easily solved. PLACE A BUY ORDER.>>
Absolutely! Common sense is not so common though, Keeper. Folks get emotionally involved with positions all the time, and common sense commonly gets the boot.
But thank you for saying that, because that's something that crosses my mind frequently after reading all of these hand-wringing posts.