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Revolutionizing Investor Psychology
 
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MAGS

 
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cola
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PostPosted: Tue Oct 26, 2004 9:48 am    Post subject: MAGS Reply with quote

Where do you see a reasonable stop loss for MAGS, I am thinking 14.59.
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candlestick1
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PostPosted: Tue Oct 26, 2004 8:44 pm    Post subject: MAGS Reply with quote

Yes that would have been a reasonable stop. But keep in mind, that when you see in candlestick buy signal, that tells you something has changed in the dynamics of the trend. Does that mean the trend will immediately start up? Definitely not always, but because of the probabilities, you need to let the trend work itself out. That sometimes means you have to wait until the end of the trading day to see whether during the day the last of the selling was washed out.
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cola
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PostPosted: Wed Oct 27, 2004 7:58 pm    Post subject: mags Reply with quote

Does that mean you agree with the stop
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candlestick1
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PostPosted: Wed Oct 27, 2004 8:36 pm    Post subject: MAGS Reply with quote

Yes after today's trading, if it went down to that level again that would indicate that there are no buyers around
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cola
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PostPosted: Thu Oct 28, 2004 6:12 pm    Post subject: MAGS Reply with quote

Thanks, I am still holding it.
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