CYGX
SINCE I BOUGHT IT FROM .60 TO .90 I AM GOING TO BUY SOME MORE TODAY DEPENDING ON HOW IT LOOKS. SO FAR IT IS GOING DOWN SO I WILL WATCH IT UNTIL IT STARTS TO GO UP- IF NOT TODAY - TOMORROW. IF I BUY IT WILL LOWER MY AVERAGE SHARE PRICE AND IF I NEED THE MONEY I CAN SELL SOME WHEN IT GOES BACK UP. AFTER LISTENING TO THE CAPTAIN AND DOING SOME RESEARCH I AM CONVINCED IT WILL GO UP. I CALL IT HEDGING YOUR BET.
I SEE THIS SITUATION A LOT SINCE I AM A SWING TRADER AND OFTEN IT DOESN'T MAKE SENSE. HOWEVER, THESE KIND OF SITUATIONS HAVE BEEN MONEY MAKERS FOR ME. IT IS A LOT EASIER TO TAKE A RISK AND BUY WHEN THE NEWS IS GOOD THAN WHEN IT IS BAD.
ANOTHER TIME I LIKE TO BUY IS WHEN A BROKERAGE FIRM DOWNGRADES A STOCK AND IT DROPS IMMEDIATELY. IF I GET A BUY ORDER IN WHEN I THINK IT HAS HIT ITS LOWEST, IT USUALLY RECOVERS AT LEAST HALF OF WHAT IT LOST WITHIN A DAY.
THIS IS JUST WHAT I HAVE OBSERVED OVER THE LAST FEW MONTHS. AS I HAVE ONLY BEEN DOING STOCK FOR A YEAR I LEARN AS I GO AND GET A LOT OF HELP HERE AT THIS FORUM. I CAN'T SAY OFTEN ENOUGH THERE ARE VERY KNOWLEGABLE TRADERS HERE SO KEEP READING WHAT THESE GUYS HAVE TO SAY.
THANKS
MSM
SINCE I BOUGHT IT FROM .60 TO .90 I AM GOING TO BUY SOME MORE TODAY DEPENDING ON HOW IT LOOKS. SO FAR IT IS GOING DOWN SO I WILL WATCH IT UNTIL IT STARTS TO GO UP- IF NOT TODAY - TOMORROW. IF I BUY IT WILL LOWER MY AVERAGE SHARE PRICE AND IF I NEED THE MONEY I CAN SELL SOME WHEN IT GOES BACK UP. AFTER LISTENING TO THE CAPTAIN AND DOING SOME RESEARCH I AM CONVINCED IT WILL GO UP. I CALL IT HEDGING YOUR BET.
I SEE THIS SITUATION A LOT SINCE I AM A SWING TRADER AND OFTEN IT DOESN'T MAKE SENSE. HOWEVER, THESE KIND OF SITUATIONS HAVE BEEN MONEY MAKERS FOR ME. IT IS A LOT EASIER TO TAKE A RISK AND BUY WHEN THE NEWS IS GOOD THAN WHEN IT IS BAD.
ANOTHER TIME I LIKE TO BUY IS WHEN A BROKERAGE FIRM DOWNGRADES A STOCK AND IT DROPS IMMEDIATELY. IF I GET A BUY ORDER IN WHEN I THINK IT HAS HIT ITS LOWEST, IT USUALLY RECOVERS AT LEAST HALF OF WHAT IT LOST WITHIN A DAY.
THIS IS JUST WHAT I HAVE OBSERVED OVER THE LAST FEW MONTHS. AS I HAVE ONLY BEEN DOING STOCK FOR A YEAR I LEARN AS I GO AND GET A LOT OF HELP HERE AT THIS FORUM. I CAN'T SAY OFTEN ENOUGH THERE ARE VERY KNOWLEGABLE TRADERS HERE SO KEEP READING WHAT THESE GUYS HAVE TO SAY.
THANKS
MSM