Mustangman, what people like MJ and Alcollard do is way more sophisticated than the average person reading this board can do without it blowing up in their faces. To predict a stock will rise or fall in it self can be done fairly easily if the conditions of trading are consistent. For example to predict and constantly repeat that we will see this low while we are in a news lull is in my opinion a self fulfilled prophecy. With out news interest wanes shorters and bashers talk the stock down by saying things like this is dead money, put your money here etc. This is exactly what daytraders and shorters live for. The truth is when the Majors don’t look any more or unless you hear talk the Ring of Fire has just gone out the long term is still good. The issue for the longs is, will this stock in the future, 1 month, 6 months or 24 months be worth more to me when we reach our/my objective. Where longs can sometimes hurt themselves is by buying more and more stock until you are in a financial squeeze. Than on a retreat like this while awaiting the next big news to lift the price, your portfolio goes down and it looks like you are loosing money. In this later scenario you do not loose money unless you sell or have over bought and are forced to sell. Very long on NOT or at least until the take out.
Keep the Faith
