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Specializing in the design of mobile video and multimedia systems and solutions based on OFDM technology Since 1990. Posts with name calling, lacking clarity or excessively verbose, will be deleted. Viewpoints pro or con always welcome

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Message: oh what the hell.....

oh what the hell.....

posted on Jan 31, 2009 05:33AM

us mentally challenged have rights, don't we? lol

First off, I guess that I should clarify my thoughts on "smart money" -- I consider it more "in the know" money, or InDaKnoMoney if you like :). There has been talk of the bottom, middle, top of a stocks cycle (ie. accumulation, more accumulation, and finally distribution). It's probably easier to say it as some in the know money but mostly lucky money, then mostly in the know money, and then finally suckers. I'm not disputing the fact that this "money" exists -- I'm saying that IMO it's a myth that the stock isn't going to get a rally because the volume and the price action isn't supporting it's (this type of money's) involvement (see "bottom" above) at this particular moment in time. How does anybody know that the volume in the last 6 weeks isn't accumulation of a low liquidity tightly held stock -- why automatically assume that it's the unloading of somebody in the shadows. There is no evidence to support this theory, just as there's no evidence to support the contrary. But, the trading of the stock is fact, and it is not putting up a red flag to me atleast -- not seeing the violent price action and heavy volume to signify dumping by those shady beasts "in the know". There is still a month to go (although if I get a decent return before then I'll probably take most off the table because I have this fear embedded in my skull now) so lots can transpire -- see UTS recent trading, and TIM a couple years ago. I must say that it does help that I am double my costs if I were to sell at these prices so that is some comfort to me.

Smart money as I suggested in my "theory".. is money controlled by any "sophisticated" investor(s).. meaning investors who use sophisticated criterias of some kind before investing. Imagine that... people who read and apply logic and reasoning.. why don't they just ask the tout?

InDa, yes it seems to have merit, but these can be said to be the same clowns that were recommending to the flocks to be long commodities, financials, and that real estate only goes up. I prefer to go against the grain because I've went back and studied my investment experiences in the past and what I've learned is that the ones I were burned on were made to look like the sure things while the ones I mostly passed on or didn't have enough confidence to invest heavier were by and large the ones which were made to look like there was no hope, but rather disaster and gloom as the "smart money" wasn't touching it. They most definitely were touching it -- they were stealthily accumulating (again see "bottom") when it "had no future" and then it was magically marked up when the company's (and stock's) fortunes incredibly changed on a dime. All I'm sayin' is that it appears eerily similar here, and I'm going to take advantage of it -- I sure do have alot of doubts in my mind, but that is most certainly a good thing as that same doubt was always there in the past on the winners. It's how the market works, always will -- there is no free lunch, ya gotta earn and stress over every gain, lol. For the record the buyer through Haywood (62) picked up 30, 000 more yesterday.

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