no doubt that you are a great contributor here on HC. Some great calls.
However I would like you to reflect on this post you posted just the other day.
In it's entirety,
I'll give you the benefit of the doubt that maybe you did not get the full 40% of the move, however when I first read the post - I thought you did average 40% for those trades.
December 20 Afternoon 14:49
absolute gold Profit Taker.
I just wanted to reflect on a recent trading strategy of mine with regards to catching falling knives. Its not a gloat, rather I'd like to demonstrate that there's plenty of profits to be made if you time it right.
WEC, LNC, NFK, FMG, BLY and BBG have all come up trumps for me in the past few months. Average return of 40% on those trades. The key is getting in when the mood is gloomiest and getting out just at the point (normally 1 or 2 weeks later) when all the mums and dads finally come to their senses and realise the stock won't be dropping to zero. A little note with BBG though, I was quite lucky to get out just hours before the $1.45 was withdrawn.
MAH is the only one that I've been really bitten badly on (down 20%), but fortunately I should be able to make up most of those losses via the RI.
