RHAT is slaughtering the shorts. The suffering will carry over 2 more days as margin calls begin to kick in. The stock was trading at a high of 29 little over a year ago when it the company was making 45% less in revenues and sales. The addition of 12,000 new customers, though small players, is very positive.
Real-time trades
- Thread starter Jack Haddad MD
- Start date
but you have to admit, someone just hearing that someone else averages down and doesn't use stops would set off all kinds of alarms in their head if they experienced a crash, bear market, and enron-type fiasco's.jack ... this did not work for most tech issues
for a couple of yrs ... how did you avoid getting hurt trading / investing this way?
do you mean you were smart enough not to average down in tech between the 1999-2000
highs and the 2002 - 2003 lows or were your
charting skills that solid to avoid getting hurt , or by
being able to take small losses along the way ?
-I've been employing the "dollar cost averaging method" along with Covered calls for almost 9 years. I have been very successful-
for a couple of yrs ... how did you avoid getting hurt trading / investing this way?
do you mean you were smart enough not to average down in tech between the 1999-2000
highs and the 2002 - 2003 lows or were your
charting skills that solid to avoid getting hurt , or by
being able to take small losses along the way ?
-I've been employing the "dollar cost averaging method" along with Covered calls for almost 9 years. I have been very successful-
hey kalz ... I might have "golden egg" on my face
in the next 6 trading days ... looks so far like NEM did not get to your projected lows but might get to
new 52 week highs and hit some of your numbers if the price of gold were to rally another 10-20 USD next week
-Pair NEM
Time Fram Tue 09/27/05 10:30 AM Tue 10/04/05
Trend North
Enter 44.2889 43.5476 42.8062 42.0648
PT 51.8794 52.3736 52.8679 53.3621
S/L 38.3579 31.6854 25.0129 18.3405 -
in the next 6 trading days ... looks so far like NEM did not get to your projected lows but might get to
new 52 week highs and hit some of your numbers if the price of gold were to rally another 10-20 USD next week
-Pair NEM
Time Fram Tue 09/27/05 10:30 AM Tue 10/04/05
Trend North
Enter 44.2889 43.5476 42.8062 42.0648
PT 51.8794 52.3736 52.8679 53.3621
S/L 38.3579 31.6854 25.0129 18.3405 -
Setharb,
Who said I didn't get hurt!? I did. However, I survived... Moreover, the majority of my executions then were intra-day scalps becuase the volatility permitted so.
Who said I didn't get hurt!? I did. However, I survived... Moreover, the majority of my executions then were intra-day scalps becuase the volatility permitted so.