hedge funds manipulate stock in secret, page-126

Really Orga,

There's no satisfying you.

You ask me "why?" regarding my statement that Centro deserved to be shorted on fundamental and technical grounds.

Notice the past tense.

So I give you my reasons why, on a technical basis, Centro was a short. And what do I get from you:

"Pointing to charts with hindsight after the fact does not cut it. In any case these are technicals not fundamentals."

Please be consistent.

Then I get this from you:

" ... presumably will feel pretty foolish if CNP makes its way back up to the 3 to 4 dollar mark."

I believe I have consistently said that at this point in time there is no indication on technical grounds that Centro has changed from a down trend to an uptrend. Therefore it would be unwise to put money into Centro on such a basis.

I've said that if the trend changes then I'd be happy to change that position. The likely cause of a trend change: news of a satisfactory resolution of the funding crisis that Centro currently finds itself in.

So - let's get down to the future. Two things to look for:

1. One clear sign that the down trend has changed would be a break above the current down trend line to be followed by a higher low and a higher high.

2. Further: a convincing change in trend would be indicated by a positive crossover of the weekly MACD.

No hindsight - there it is for you - what to look for in the future.

No looking silly - there it is in black and white for you.

Then you accuse me of being relentless in my posting.

I might point that you have been relentless in pursuing my posts. One of the reasons I have posted so often is to answer your questions.

I won't be answering any more posts from you as I think it is pointless.

Cheers
Red