Tuesday, October 11, 2005

A Very Tricky Trade - STX Pan Ocean


I see no reason to blame the Management. New ship expensive, then decide to risk by buying troubled but profit making company as an expanding strategy.
The dilemma arises when many TA indicators shown bearish direction. However 2 indicators are still good. Namely the stochastic and CMF. Who will know what will happen tomorrow??
I know of many TA advocates and professionals, they make less money than the street smart traders!

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