A little advice please

Last post 07-10-2008 7:43 AM by MacroAlan. 7 replies.
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  • 07-08-2008 1:11 PM

    A little advice please

    So Im shorting CEA, ZNH, LEH, SU, PETD, and I cant make up my mind to either stay strong or cover and move on. I shorted CEA at $28.56, LEH at $20.47, ZNH at $18.75, SU at $53.67, and PETD at $59.78. So what do you guys think? Before you answer I only request that you provide reasons behind your ideas and the homework you did to support them. Thats all. I just dont want people giving me ideas without being able to support them with facts. I dont like when people just say to do this because they heard something good about that idea from their broker or some guy on tv or their friend or whoever. No offense. Thank you. 

  • 07-08-2008 1:14 PM In reply to

    Re: A little advice please

    All the facts in the world may not be what you need.  Sometimes you just need to go with your gut.  It depends on how much you want to gamble!

  • 07-08-2008 1:55 PM In reply to

    Re: A little advice please

    gambling is definitely a big part of these games, that's for sure.

  • 07-08-2008 2:43 PM In reply to

    Re: A little advice please

    Hmmmm. Maybe you guys are right. Thanks.

  • 07-08-2008 3:04 PM In reply to

    Re: A little advice please

    I shorted LEH at $20.23 but am still hanging on to it.

  • 07-08-2008 3:16 PM In reply to

    Re: A little advice please

    learn to read the charts. trust me it works. i was 3k in the whole becasue i bought on instinct such as someone gave a tip on WSS to buy a stock. well those didnt work out so well. 85% of my stock picks lately that i purchase by analyzing multiple charts are profitable, such as: Time/Price, slow stochastic, bollinger bands, MACD and other charts. Ive been learning how to read chart by going onto Youtube and watching the Informedtrades videos. this guy teaches you everything you need to know about trading in the market. he has over 170 videos teaching you different chart analysis, trading techinques, how the market works. definitly worth the time. Oh and its all free. now im only $190 in the hole. ive made over $2300 back in less than 3 weeks. hopefully i can keep it up.

  • 07-09-2008 2:18 PM In reply to

    Re: A little advice please

    How long did it take you to learn to read charts?  Where do you find your charts?

  • 07-10-2008 7:43 AM In reply to

    Re: A little advice please

    Read everything!

     Especially look at insider trading. If insiders are selling, stay away. Look for multiple year earnings growth. Unless of course if you are looking for quick turn-around; then look at last 7 days trading.

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