Posted by: fortunefaded February 4, 2010
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Capital preservation is the key!! A lot of people take their stocks emotionally. I know how that feels. But technicals aren't about emotions. If you lose some, move on. Holding a stock hoping it will go up is a huge mistake. I had to incur loss in RPC but hey that's trading. I will wait until the market decides to turn up to buy any longs at this point. If you are holding FSLR, I would suggest to sell it. That thing will be hitting 100 in my opinion before it hits 140.
Having said that, though I wouldn't ask anyone go long in this market right now, Verizon looks like it might have support around 28. I wouldn't be surprised if it bounces to 30 - 31.
FF
Having said that, though I wouldn't ask anyone go long in this market right now, Verizon looks like it might have support around 28. I wouldn't be surprised if it bounces to 30 - 31.
FF