Re: Technically, time to cash.
in response to
by
posted on
Apr 28, 2010 04:42AM
You obviously misunderstood my posting, which is OK. I will just clarify once more. What I said is that based on the fundamentals, the stock looks extremely positive, but based on technicals it is ready for a serious (temporary) correction. In my humble opinion, 20-30% down from here would be a healthy correction.
I did not say everyone should sell their shares here, heck I am still a CMM shareholder. Do not forget that too much one-sided reporting on a forum can keep you from thinking straight. If you're in it for the long term, fine by me, so am I. But by not sitting out the corrections, you can gain a lot more. I am not advising anyone to sell or buy, so please treat eachother with a bit more respect.
The thing with good technical analysts is that they look at bare facts (i.e. charts) and do not let emotion interfere.