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As you all know, I'm not a technician when it comes to trading. I
am a coder and an electronic tech but a fundamental trader. None
the less, I appreciate other styles and principals and do not close my
mind to different approaches. In fact, anyone who does this, is a
fool in my opinion. Therefore, based on Jim's observations plus
Ben's concerns, I have sold all my SOLF at 11.20 and closed out with the
books neutral on this issue. This by no means changes my opinion
for this stock in 2008 but in the end, I decided that if Jim is right,
there will be a better entry point and if not, I can always get back in
where I originally did. I thank both Jim and Ben for their insight
and consideration.
Bob
At 04:08 PM 11/12/2007, you wrote:
Bob,
I see continued weakness in SOLF down to around 8.70. It is way over sold
for the day however and I would quickly take profits on a rebound.
Jim White
Pivot Research & Trading Co.
PivotTrader.com
- ----- Original Message -----
- From: BobsKC
- To:
realtraders@xxxxxxxxxxxxxxx
- Sent: Monday, November 12, 2007 12:49 PM
- Subject: Re: [RT] Another equity to consider
- Well Ben, you saved me some money today. When oil was falling
this morning, I knew solar stocks would follow it and since two of you on
this list felt SOLF would fall before it could climb, I got out early in
the trading day. Then, after it fell $2.00, I bought those shares
back at 10.50. So, I didn't do exactly what you suggested but some
serious losses were avoided, thanks to you.
- Bob
- At 08:15 PM 11/11/2007, you wrote:
- Hello Bob
-
- looks lower, before going higher,
- I would be a buyer at 11-11.25
- with stop loss at 10.75
- Ben
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