On Wednesday, it took me about 15 minutes to recognize and write about (VISN) breaking out to new highs, suggesting higher highs. And, last night, I spent a few minutes scanning through all my stock charts—not because I don’t care, but because I’ve been doing it for a decade so I know exactly what to look for—it’s easy…that’s why I mentioned RDTA in this morning’s pre-market post—it was a perfect perfect breakout, suggesting higher highs.
But today, I forgot about both VISN and RDTA, spending a good two hours researching, writing, double-checking and formatting THIS blog post busting TheStreet.com for sloppy research, advocating and taking a short position, even if the chart wasn’t perfect.
And where did all this hard-hitting time-consuming research get me—I’m up 20-30 cents/share on my EDEN short position, I got a couple more website hits and I was able to rub in the fact that financial journalism is a joke. Trust me, I like all three—because it’s just the beginning for all of these trends—but I’d prefer making an easy $2/share like those who bought RDTA did in under an hour and $1+ share/share on VISN in 2 days (just need a little patience)…no hard work required!
The good news is no matter which course I—or you—take, there are easy profits everywhere because this game—this wonderful wonderful game—of PennyStocking really is that easy.
Tags: DVD, graphs, Technical Analysis
