Many public loves to buy at breakout. However do you know the risk of buying at breakouts? You will be trapped if you got it wrong! Yesterday a public emailed and asked me the outlook of ThBev, my answer was it looks ok, but there will be short term reactions. Why do I know? Because when everyone is buying, the BBs would usually take profits and hence Reactions. So as of now ThBev is trading at 0.58/0.585 and had trapped many buyers at 0.6. One should always look to long on reactions than to buy on breakouts. Take it from Ronald K.
Ronald K - Market Psychologist - The Big Speculator
