As Web's World Turns

[billyjoe]

VPHM 's chart looks a lot like many picks of the huge one , only it's even steeper. I've got a little $$ gathering dust. Hope you guys don't mind if I join the party.

billyjoe

[Websman]

VPHM 's chart looks a lot like many picks of the huge one , only it's even steeper. I've got a little $$ gathering dust. Hope you guys don't mind if I join the party.

billyjoe

Just bring some beer with you when you come. I sold my position, but I may hop back in at a cheaper price on Monday.

[Websman]

VPHM gapped up on July 8th. It is possible that this gap may fill before VPHM goes up much further. If so I might possibly get back in for $8.20.

[skiracer]

I usually never average down but if by some Vulcan intervention it were to drop to that level I would definitely be a buyer of another full position as I really missed the boat on this one when Dru first brought it to our attention.

[Runner]

Thought this was pretty interesting. I'm in at 70 band

[Websman]

Thought this was pretty interesting. I'm in at 70 band

Looks interesting, but I'm not sure I get your point. My inferior brain is struggling to make sense of this.

Are you saying that you will get in if that band dips back to the 70 mark? If so, I'm with you.

[dmk112]

Runner, what indicator is that? (the green band)

[IIC]

Runner, what indicator is that? (the green band)

I believe you are referring to the Aroon...Here is the definition of it:

http://stockcharts.com/education/IndicatorAnalysis/indic-Aroon.htm

[dmk112]

Thanks IIC!

[Websman]

It's amazing, but every time I go to the IBD board, I get bashed and then get accused of being Mr Market.

Ernie, why do they think I'm you?

I don't have 69 consecutive profitable trades...

[Websman]

I have took everything you guys had to say about VPHM and have done my own DD. My Vulcan logic has kicked back in and I now realize that I did sell VPHM too early.

The mistake I made here was that I checked the price right after I got home from work, which is right before the market close, and made a fast decision to take my profit and run. I should have took the time to look at the low volume and realized that this was not a sell off, rather it was normal price action. I bought it at $6.60, so it wasn't like I was about to go in the red. As Spike would say, I let emotions take over and didn't stick to my plan.

Based on NewBorns suggestion, I will buy VPHM back at a slightly lower point than I sold, which will put back to where I was. I should have no problem getting back in and correctiing this mistake at little extra cost. It will cost me a few extra dollars in commission, but not enough to worry about.

I have placed a limit order to buy VPHM at $9.87.

I've looked at the chart and noticed that VPHM usually doesn't drop below the closing price after having two down days. This is why I placed my order at 9.87 and not lower. Any suggestions?

[skiracer]

Webs,
Watch the bottom fall out now after we've kind of persuaded you to re-enter.

[Websman]

Webs,
Watch the bottom fall out now after we've kind of persuaded you to re-enter.

LOL...Yea you could be right, but that'll be on me.

[skiracer]

This is going to end up being a big gainer.

[Websman]

If VPHM drops back to fill the gap at $8.20, I'll double my postion.