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Old 08-21-2007, 02:26 PM   #28 (permalink)
sprat
Thumbs Must Hurt
 
Join Date: Jun 2007
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Quote:
Originally Posted by jungleland View Post
You are making yourself look like an even worse trader. You are admitting to buying at an average of 226, and then selling at 228? THAT'S LESS THAN ONE PERCENT!! You BOUGHT a stock near it's 52 week high, not after it made a very slow, organized move higher, but after it made a rather quick move to the upside, on inconsistent volume TO MAKE LESS THAN ONE PERCENT. Do you understand how back of a risk/reward strategy that is? What was your stop on the downside .20%??? Seriously, it's just awful, the stock moves on AVERAGE 4% on any given day. A stock like RIMM should be bought or sold (using good timing) and you should be looking for about 5%-7.5% return short term, and 10%+ long term..

You keep trading like you are and you will be broke very quickly....


latest quotes have RIM targeted at $285/share
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