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Advancing substantial silver and polymetal properties in Mexico

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Message: Good Tech Indicator on Arian Silver

Re: Forget the Technical Indicators

posted on Aug 26, 2008 03:38AM

Typical for you to look at a 25% downward move, whilst AGQ is actually up over the past couple of weeks. I mentioned before that that day we went up to 0.24 was actually based on a last minute buy order of 2K shares, but you obviously chose to ignore that fact. I never got too excited about that 0.24 because I knew it was low volume buying, which is not indicative of any structural change in share price performance. If you'd kept this simple fact in mind, you wouldn't be worried about the 25% drop the day after.

People who stare at intraday charts all day are not long term investors. Guys like you shouldn't be investing at all, because your emotions are getting in the way, which any investors knows, is destructive.

I look at longer term charts and at longer term trends. I mentioned before that the longer term trend is slowly improving. This doesn't mean we will no longer see 25% drops. Volatility in pennystocks is always high, because of low bid/ask volumes. One big fish taking profit before the closing bell will lead to a serious drop. That's a fact. What is also a fact is that you should see people buying on dips after those drops and that's certainly the case.

As for you, I'd advice you to leave trading/investing to people who can put their emotions aside. The stock market clearly isn't your thing.

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