Averaging down is an option here
but I have taken the prudent stance of taking profits on all of
these “minnows”. There is just too much risk here with the market
being inflated and it will take a very strong stock to buck the
trend. They are so far extended over their key Moving Averages that
some form of mean reversion has to take place or a lengthy pause at
the very least. I am now in a defensive stance and my personal
watch list/scanner is searching for short opportunities rather than
longs
Averaging down is an option
LNG
Posted by vimal on 20th of Jan 2011 at 09:52 am
Averaging down is an option here but I have taken the prudent stance of taking profits on all of these “minnows”. There is just too much risk here with the market being inflated and it will take a very strong stock to buck the trend. They are so far extended over their key Moving Averages that some form of mean reversion has to take place or a lengthy pause at the very least. I am now in a defensive stance and my personal watch list/scanner is searching for short opportunities rather than longs
Trend line support at $6.15 for
Posted by ditch on 20th of Jan 2011 at 09:56 am
Trend line support at $6.15 for LNG