HRAY down on earnings

AlfredSokol said: "But their numbers looks [url=http://finance.yahoo.com/q?s=HRAY&d=b]really good[/url] The market potential is enormous. This one looks close to becoming a value stock. (Characteristics of a high growth company at a discount)."

sp0om said: "[B]DISCLAIMER: I want to make it extremely clear that this is not a recommendation to buy or sell anything. Do your own research and consult a professional before making any investing decisions. This post should not be construed as professional advice.[/B] I'm definitely putting this one on my watch list, but probably won't take action for at least a couple weeks. The chart isn't looking so hot, and the market in general is getting beat down. [IMG]http://img.photobucket.com/albums/v231/secretshadowninja/hray8.png[/IMG] [B] DISCLAIMER: I want to make it extremely clear that this is not a recommendation to buy or sell anything. Do your own research and consult a professional before making any investing decisions. This post should not be construed as professional advice.[/B]"

AlfredSokol said: "That's sort of the position I'm in. There are a few things concerning their lockout period which I'm not sure of and the short term trend is down. But the earnings and growth make this potentially a special company."

LanceJ said: "Dines theory of profiting from Mass Psychology states that "A trend will continue until that trend ends. On days the stock trades sideways, assume a continuation of the previous trend." HRAY is still in a massive downward trend. In fact, today, it set another 20-day low record, and it may set a 65 day low soon. Today, it closed below its pivot point of $9.03, suggesting it could make another run at its support level of $8.65. Until HRAY's downward trend ends, it will continue. I recommend patience for anyone wanting to get in, or someone who is already in, and is looking to lower their cost basis by "doubling down"*. HRAY's downward trend will continue until it ends. And the market will tell us when its downward trend is over. Anyways, that's my opinionated opinion which you didn't ask for, and I certainly don't want to be negative about your stock pick. She's your baby. What do I know? Hope you make lots of money with her. For new investors wondering about the term "double down". *Doubling down. Doubling down usually means to purchase twice the number of shares, when the stock drops, than you originally purchased to lower your cost basis if a stock goes against you. For example, 100 shares @ $5... the stock goes against you and drops to $3... the downward trend ends, and you think a new upward trend is about to begin, so you purchase 200 shares (double your original investment) at $3 to lower your cost basis to, ummm.... about $3.67."

sp0om said: "[quote]HRAY's downward trend will continue until it ends. [/quote]Well spoken, Yogi. ;)"

AlfredSokol said: ""She's" not really my baby :) In fact, if she costs me money, i'm divorcing her :) I like the company financials, but there really is no way to to ignore the down trend for sure."

LanceJ said: "[QUOTE=AlfredSokol]"She's" not really my baby :) In fact, if she costs me money, i'm divorcing her :) I like the company financials, but there really is no way to to ignore the down trend for sure.[/QUOTE] LOL... what??-- you ain't doin the sugar daddy thing?? Damn... look at the babes run away!... ;)"