My blog is for folks who are prepared to put their money on line for profit (Sure it can turn in to loss 20% of time)
If you can make money 70 plus % of time - you are a winner. Please cut your losses before the loss becomes portfolio cement block (Sinking in choppy water)
If you are a buyer, One suggestion make a buy list and buy 35% of what you want to buy on Friday afternoon or enter limit orders - can be lower than todays close.
It should be a price which you feel is the right price to own the stock. The order may not fill and that is OK. The stock may start running upwards or down on monday and that is why I said do not buy the whole lot. One can always add at lower or higher price.
Example GNK was selling at at 14.70 yesterday morning - can you buy it today for 14.70 - may be. Chances of buying at that price is 50% in next 36 hours. Can you buy it cheaper on Monday - as a betting person place you best guess and deal with it for profit or loss.
Again please do your own home work - you own the profit.
These are just my personal views
Best wishes
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July 8, 2010
Edited: July 10, 2010
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