Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
dbphoenix stated "Just remember that the smart money buys the breakout off the first base, the not-so-smart (or dumb) money buys the breakout off the second base, the even-less-smart (or dumber) money buys the breakout off the third base, and the truly clueless buy the breakout off the fourth base..."

I am confused. I bought BBRC at 68 5/16 on Friday. After reading the above post, I looked at its 2 year chart to see how many bases its formed in that time period.

http://quote.fool.com/chart/chart.asp?uf=0&time=9&maval=0&compidx=aaaaa%3A0&comptick=&symbols=BBRC&currticker=BBRC&submit1=Draw+Chart

My eyes see the first breakout mid - 5/99 running until mid - 7/99. The second base formed 7/99 until a breakout at the beginning of 12/99. We appear to now be in the third base (with a possible breakout last Friday). Is this analysis correct? Does this mean the buyers at this point are the dumber money?

RHB
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement