Our system posted a
SELL CONFIRMED
today.
The previous
BUY
recommendation was issued on
08.27.2010 (5) days ago, when
the stock price was 0.5500. Since then AENY
has fallen -14.55%
.
SELL-IF is
confirmed by
a black candlestick with a lower open. The selling
price is today's open (
0.4800
) according to the Rules
of Confirmation.
Bears are getting stronger. The market hesitated a bit, but finally confirmed the bearish pattern with a one day delay. It opened today with a gap-down and the day’s activity resulted in a close lower than the open. This is a valid bearish confirmation.
The significant failure of the previous BUY signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but it is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.
Selling was the right move today in order to prevent further losses, but we are sure that you may easily cover your losses (if any) by basing your future trades on our signal system. Today you were supposed to watch the downward gap in the opening, wait a bit, feel the bearish tendency of the market making sure that prices stay below the opening price and then sell your shares. Your benchmark was the opening price of the downward gap. A weakness in prices is implied as long as the prices stay below the benchmark.
If you sold, keep away from this stock until the confirmation of a new BUY-IF signal unless there is not an emergency warning. What to do if you did not already sell? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for selling your shares in the following sessions.
The market is an inviting one for short-sellers. Risk lovers may now go for short sale. The market is already moving on the side of shorts ignoring the confirmed bullish patterns.