IPIX

[David Randolph]

$3 shall provide support for IPIX before a new advance takes place.

[David Randolph]

I guess I've been wrong in my analysis of IPIX. I had an open profit of about 18% to now see it come back almost to my buying point.

$3 couldn't hold IPIX. But $2.9, which is also a support and my entry price, did hold the stock. It's ok for the stock not to go up, but it's not ok to let a profit turn into a loss. So if the stock is set to close (note that I say close, I don't like to make trading decisions based on intraday data) below $2.90 I'll have to cut the losses and look for another speculative venture.

[David Randolph]

$2.9, my buying price, is providing support to IPIX. We'll see if that's enough to ensure the expected rise. If not, what can a man do but to run his business as usual and take a small loss?

But, as I said, only the closing price matters ... too much money is lost on the market from precipitation.

[David Randolph]

I don't want to think too much about this, IPIX came from a profit to a loss in my portfolio, I will sell the stock tomorrow.

[fred]

hi david, isn't it just a little bit too early too sell? IPIX seems to rest on the MA(50) now. Could reverse from here + decreasing volume on the recent setback + not much of a downtrend left on a 60min charts (MACD) nor on de weekly chart(MACD)
Just my opinion. Probably i will be wrong ...... again   

PS: could you explain how to insert a chart ?

[David Randolph]

On «Additional Options» put the chart in attach (.gif is good).

Referring to IPIX, maybe you're right but I have to sell as a matter of discipline. I believe you're right and I'm pity I have to sell IPIX (I love that chart so much  ), but rules must be followed or I might get lost in the market. It is very easy for a man to get lost in the market but it is very difficult to find his way back.

Good luck fred !

[kkunitak]

I liked this chart... bought 3k shares at 3.01 and sold at 3.25...
I think eventually it will re-pop, but I'd be looking at 2.75 or so as a buying point.

[fred]

test

[fred]

hopepelyhoup david, as we speak we are turning very green on IPIX.

What would be your target?

THX fred

[David Randolph]

I wasn't around to see it but unfortunately I sold at the open @$2.88 as promised. Good luck with IPIX Fred !