Ok all, I might have some good new for those of you that want to go long. The chart has just made a double kiss. What that means is that the 10 day MA has moved up and just touched (kissed) the 20 day MA before falling again. However the price move on this second leg was much stronger to the upside then the first move back in the midle of june. What I see happening now is for the price to retest the 14.06 low. what we want to see before buying is the price to bounce off 14 and climb back above 14.60 before we jump in. If the price breaks the 14.06 low then we go to 12.60 to 12 70. that should be the low for this stock. So you can still short the stock from here to 14.00 and if it breaks 14 then ride it down to 13 before you cover, then go long.
Good luck all
Dull witted? Learn to follow a thread then, idiot! Why the hell did you address me in the first place, I made no comments to your post. I'm long too. I disagreed with Maz and you think I'm following his advice? Sheesh! If you can't do the basics, then no wonder your attempt at sarcasm is a fail. Maybe the internet isn't your thing.
Dude! YOU ARE SOOOOO RIGHT!!! You are some type of chart-reading market wizard! We are totally riding this one down to $13. Yah sure it has been steadily climbing since you predicted $12-13 but there is still a chance!
Guess we can just do the opposite of what you suggest and make great money!
So quiet these days Maz...
Double kiss my but Maz. Don't you ever get tired of being wrong? Telling people to sell at $14? Thinking that this stock is going to $13? Over the last decade ERTS goes up from August to November. Your strictly chart based analysis advice and trading strategy doesn't work, sure give us the info that is appreciated but lose the advice and the short pumping. You aren't good at it. Telling people to sell, crystallizing a loss at $14 was terrible, look at where we are today and have been over the last month. Telling people to wait for $12 or $13 to buy just isn't going to happen. People will/have missed the boat at $14.