Tuesday, April 12, 2005
Let's have a selloff
If we need a selling climax in order to get this market moving, we might have it in the very near future. Personally I hope it would come as soon as possible, since I hate this kind of market action, grinding lower everyday with low volume. Let's get a hard selloff, get everybody scared and get it over.
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4 comments:
some questions ,
For example , I have 2000 shs FLEX,bought at 13.50, i need to dump it ,or hold it .
it my fault , forgot to set a stop price.
Ebay will rebounce ?
how about biib,
you are a day trader, so which trend line you are using , 5min, 20mins, or day trend line.
many many questions.
Yong
FLEX, I don't like its chart. For the short term, it wants to go lower. When you bought it at 13.5, your ideal stop price is at 13.15 area. It might bounce due to overall oversold market condition, but definitely not a long candidate.
EBAY, I think it would touch 30 area before any meaningful bounce.
BIIB, needs some fundamental news to change its outlook. Not my type of trade. But I like Biotech overall.
I assume you are referring moving average. I am using 20, 30, 40 day moving averages.
Please take a look at disclaimer, I am not a certified financial adviser. The above is only my opinion, not an advice to buy or sell a stock.
Thank, I am not asking advice for some specific stocks, just want to know a expert's sense about the market.
just bought 500 shs ebys at 32.33, sold at 33.06 . still can not caught the 32.00, at that time the volume is very high. but I just bought before the bottom, so bad,that is why I need to learn .
I dont like the blog, mabe change to a bbs will better, just my personal opinion.
Yong
That was a nice trade on ebay. I will consider your suggestion of BBS.
thanx.
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