[PAAS] update

In the backlink I provided a model indicating that PAAS was likely near a significant low and that it needed to see just a slightly lower low for the count to be complete.



Fast forward to today and it looks like red 5 might have bottomed.  A reasonable way to play this is to buy the open tomorrow and then stop out just below today's low of  $7.98.  And by that I mean 1 penny below.  While the chart looks pretty close to the model, it's still just a model.  Since the model was able to predict today's move so accurately, it gets a bit more street cred.  In others, a buy signal was generated.  But a lower low, which is always possible, negates that signal and thus you stop out because you are playing a failed model.  In that case, you re-count to find a new model.  You do not hope and pray.  You stop out, period.  This kind of structured discipline is the only way to beat Wall St. at its own game IMVHO.