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Patience is a virtue

By Brett Goldstein on Mar 30, 2007

I put up the chart of JST a few days ago and it went down right after I bought it at 16.90. I really thought that it would go back up and took a deep breath and just watched it carefully. I am really glad that it went up just in case any one bought it because of the chart that I posted. Well if you did, you are now up a buck or so. Just have a little patience and it will come. It is now trading at 18.40 as I type this. I know one of our readers bought this stock in the 16`s and was worried so I hope that it was a lucrative trade for him. As Cramer says, “no one ever made  a dime off panicking”.

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This entry was posted on Friday, March 30th, 2007 at 8:00 am and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.


2 Responses to “Patience is a virtue”


By rick illobre on April 1st, 2007 at 7:15 pm

dear mister bull love your stuff but i think you spoke toosoon about jst what happened to it —rick

By Brett on April 1st, 2007 at 7:51 pm

Thanks for visiting the site. The action on JST Friday was very volatile but if you would have bought when I put up the chart a few weeks ago then you would have came out with a profit if you would have sold during the day. I did not think JST would behave how it did but thats the market for ya. After I typed the post above I put a stop loss at 18.20and then went to the beach. I am not too sure what actually happened to cause the sell off. I hope that any readers that bought this stock was able to turn it around for a profit. Well I gotta get some stuff ready for school tom.

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