Blackadder,You are right, I was once a stupid longer holder of...

Blackadder,

You are right, I was once a stupid longer holder of CNP, BHP, BNB and TOL, ingoring news, charts, technical, and hope that riding a stock to the end. When a stock SP drops, I increasing and average down more. Maybe it would work in a Bull market. Now that we are in the Bear market, I realize, you just have to "hit and run". For example, have a look at MQG, all the other major banks were up 10~12% yesterday. Yet, MQG was struggling to past the $30 marks, that is what you call resistance. Buying in now at the $29.50 mark is just a pure gamble, as from the charts, it shows heavy resistance at the $30 level. 6 months ago, I wouldn't care, just buy and hope she will go up. Even not long ago, a few posters on AIO said that AIO will drop back down after the 66%+33% two day rally. And it did, she went back down to the $.87 level.

Don't get me wrong, I love AIO, she is pain and simple, so far my prediction for myself on this AIO is about 70% right, and it serves me quite well. Like yesterday, I was doing quite good in the morning, but I had to go out and do other stuff, and thought I was already up so I gamble and bought back in at $1.15, even my gut feeling tells me that she would drop later that day so end up I lost all the gains that morning.

That's an old saying, miss money is better than losing money.