OWLTRADES's Blog : CYTR - WHAT WE LOOK FOR IN A CHART

OK, I figgerd thur was no waaaay you can top out every single stock you put a buy on so I bot after a 10% correction from the top you set on thisn. My entry was 1.09. I got stopped out with a loss today. According to you it means I should buy now..right? Or do you prefer to buy only stuff that is about to crash n bern? :-) Also, since it pulled back does this mean it goes against your 3 to 5 mumph requirement that "it keeps going up" ??? Thanx for your help and thur is no need to respond ifn you are only gonna confuse me more than you already did with your o-rigi-nal post. Anyhoo, it is getting more difficult to find grossly overvalued stox than it twas just a short 2 weeks ago yet you somehow seem to do it. Should I short the only gainer you have left on your open list as a long...this thingy right cheeeya? >>> OREX Thanks again and keep up the GOOG werk in setting tops. I thought Jim Cramer was the best but you are better. :-) 3J

Hahahahah ... LOL better than Jim Cramer ... maayun !

I liked the chart, I still like it. It doesn't mean I would not have a stop on it. In a down market everything goes down, especially anything with recent momentum, you know that,

I am surprised you bought, your stop has protected you. I am waiting for the market. The direction picked is down now, but that can change tomorrow.

If your not sure what to do, best to keep playing people and picks, and sit on your hands with your real $.

In any case re-reading my overview - to be fair - I did say, on a Pullback, and with a stop in place. So I wasn't far off the mark as to how to play it and what might happen. Based on the chart this could be another CHS, though you can now wait for the market to start going up, and for the stock to resume its uptrend on volume b4 your consider re-entry,

Cheers

Owl

Uhhhm...I gots news for ya >>> Yer stop was hit! LOL Sheeeyot, I wouldn't buy anything you wreck-o-mended. The result would be the same as sticking my PeePee in a meat grinder. :o In fackt, I was "forced" to close out about 2 pages of plays just becuz you decided to go chort a few pix here recently. Do we need any clearer signal that the markets are now gonna rally? I didn think so. :-) 3J

Hahahahaha ..... close all your shorts and go long. OwlTrades has gone short.

You are quite the contrarian and it works for you in this market. Most contrarians meet end of the road and realize they are not smarter than the market. Its much easier to swim with the tide Joe.

Goodluck.