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Message: Hope springs eternal..

Hope springs eternal..

posted on Jan 18, 2008 04:31AM

I sensed  yesterday before three o'clock that the market was turning around and hoped to see a better Friday than we have seen in a while..Hopefully G.Dubya will say good stuff to get the market back on a march upwards..and the US economy...

It appears that those that bought KXL yesterday may be in for a nice profitable day today.

My last word on stop losses is that once I decide to sell a stock ,allways in a rising market..and I am temped to put a stop loss on the sale ..I pull the trigger right away and sell it...

I would rather get the ask right away and risk missing the top ,rather than waiting for some shark to start shorting the stock down to pick off the stop loss and a loss of 10-25% less than I would have gotten ,when I got the first inclination to sell..When I sell,I want it at my price..not at a discount for some  Market Maker to get fat on..

Good luck today for all us longs.

 

 

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