Too Late, page-5

HI damonk00
Its never too late.
HOw high will it go? No one knows ... why .... cause we aren't there yet :-)

Sounds obvious I know ... but until it stops trending ... it will continue to go up.

I asked the exact same question (and I really believe regardless of who you are ...we all ask the same question at some time) whe it was back at 168 ..... but bought anyway.

Now it is at 295 ... get the picture.

If your charting package is able to show you select date periods, display the chart as I saw it back on 26 Nov 2001. YOu will see that the chart looks basically the same as it does now ... and the important point .. no one knows how high it will go.

Have a look at FOA, since that was mentioned just recently here.
On a daily chart for the past year it goes from 857 1896! in ONE year. BUT. Was 857 too much to pay at that stage?
Have a look at a weekly chart for FOA. IN Sept 2000 it was around 730 area.
Have a look at a Monthly chart. Back in 1990 it was down at 135 area. If you bought back then at roughly 160 and held through to July 1992, you would have seen your holding sitting at 510 or so. If you held however (according to what your trading plan is!) it would have hit 850 in Oct 1993.

The story is, we all have doubts about how high it can go. The answer is no one knows. And because no one knows, the best we can do is buy into trending stocks and let them run.

Imagine if, in a years time, ION is sitting at 1250? Most will be saying ... Oh it has had its run.
Then a year later it is at 1880?

:-)