I have been busy playing Wii's Resident Evil, and lazy to do charts, a friend of mine told me about ABU the other day, and he did a chart for me, I was too lazy to give a damn, and I didn't do a chart myself. I bought ABU with emotion, not skill. I relied on luck...and now I am down 15% Tonight, I actually spend some time and had a look at her, and found out what went wrong. I should have exited at 5c, but I didn't, because I didn't see it. But now I do. ABU is a low vol stock, so I will use Weekly instead of Daily.
Keep an eye on her in late Feb and March. If she is under the ema 195, than it's all over red rover. TAM just bought heaps of their shares recently, so that should be good.
The moral of the story is, you can ask someone to do a chart, but you have to "study it" and make your own "chart" to compare, you just can't just follow someone's idea without doing any research. Asking someone to what to buy it's easy...it's also easy to lose money too.
I am still down over 15% on ABU...because of that. I will not make the same mistake again.
Amen.
Selmax.
ABU will come good, but late Feb, or early March, and that is the price I paid. (Time!)
