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Sucker rally ?

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kwagga
Super Contributor
I sense that yesterday and today is a bit of a sucker rally. All the seasoned guys selling some into strength to some suckers caught in the moment.omo
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8 REPLIES 8
CHATTYCHAT
Super Contributor
So... this is what it is all about? I reckon it's like this all the time, albeit at different levels and for different reasons.
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kwagga
Super Contributor
I guess you're right. It you want to play with the big boys, be sure that will burn those little fingers. Up 2.4% today, just wondering when this will end in tears ?
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sasa
Regular Contributor
Just keep those trailing stop losses going. Although mine kicked in on BIL yesterday @ R183-50, and now its gone back up to over R190. Somehow the saying "let somebody else find the top, be happy with 70%" is not that sweet...
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SkarlakenKoos
Frequent Contributor
I don't agree... the break-out seems fine to me and I won't be surprised if we have seen the lowest already. OMHO. I'm not buying, but I'm definitely not selling either.
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Ninja
Super Contributor
Simon, I have heard so much about your lazy system of trading....would it be possible to summarise it on line so that those of us who have missed earlier posts could have a look?
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richardw
Super Contributor
Here's a permanent link to a discussion on it: http://tinyurl.com/simonssystem
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Ninja
Super Contributor
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Not applicable
If the rally tops the June highs then a bull trend looks very probable.
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