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Message: And don't forget to Pump the Ump

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Re: And don't forget to Pump the Ump

posted on Oct 29, 09 11:54AM

"Remember, when this puppy really does start to fly, many of us will be signed on here and Stockcharts checking Ump's minute by minute chart updates and waiting for his message in big, bold letters....SELL SELL SELL."

Thanks for the effort PW.

All I ask is that you create your own trading rules and stick to them. For instance, if you own 4 billion shares, sell the first 1/4 billion at +10%; the second at +20% and so-on. Leave yourself with freebies and then forget about the stock.

As usual, the utility of charts will be called into question if/when euphoria strikes but remember it's during this phase that the smart money is exiting.

Having said that, I hope that this time around we won't be talking about a $0.05 Las Vegas party. But keeping this possibility in the back of your mind might not be as crazy as it seems.

Chart is updated. Small triangle brokedown.

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