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short GROW

 
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ninner



Joined: 17 Feb 2006
Posts: 167

PostPosted: Sun Jan 07, 2007 11:17 pm    Post subject: short GROW Reply with quote

im shorting GROW right now...i believe its wave 1 of its trend..what do u think?? Lets get the discussion going baby!!!
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Harry



Joined: 11 Jun 2005
Posts: 128
Location: midwest

PostPosted: Mon Jan 08, 2007 9:34 am    Post subject: GROW Reply with quote

According to my charts it is too late. If I wanting to short I would have around 66 when it droped below the first bearish candle. I has already touched the 50% retracement. The 62% retracement is around 48.5.
I hope your short works out. What is your target. Very Happy
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ninner



Joined: 17 Feb 2006
Posts: 167

PostPosted: Mon Jan 08, 2007 12:25 pm    Post subject: Reply with quote

well im using different fib #s than u ...according to mine...it hasnt touched the .382 yet..i think once it breaks 50 it could go too 41..what happans if u are short and the stock splits??
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Harry



Joined: 11 Jun 2005
Posts: 128
Location: midwest

PostPosted: Mon Jan 08, 2007 11:09 pm    Post subject: Reply with quote

The question here is how to use the fib. numbers. No tool is any good unless it is applied correctly. Also a stock split has no effect on the bottom line. You either have more stock at a lower price or less stock at a higher price. Very Happy
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