Quote:
Originally posted by Mananetwork
You don't need news for everything. Sometimes stock move because people talk, some people might know something I don't know. It's a gamble though, I don't want to say TUBR is going to be stable at opening, that's why i'll watch it. If I see a downtrend, i'll sell, take my profits and move on.
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I think this move today was pretty abnormal. Don't you think average joes will sell off at the next bell or sell half and keep the free shares? I think people who bought from september till last week will be selling.
I realize you don't need news for everything. I used to base my picks on what kind of company it was and news and all that stuff but I soon realize that even if pk's and ob's have great news the stock will either hit the moon or sink. it pisses me off. Now i base my trades 90% TA and seem to find better exits and entry points.. instead of guessing and holding bags and watching stocks sink hoping and praying for PR's to push it back up. if you learn ta you take out the guess work and save urself a lot of stress and money imo..