Yeah, I've been watching BUCY ever since you first mentioned it. I'm starting to appreciate more, the strong trend stocks, making stead upward progress and trading well in the double digits already.
Sometimes there's that psychological misconception of thinking that I'll grad more upside from a $2.00 stock. I still like to have a couple! ...but I'm definitely shifting my focus to stocks that move slower, but with big momentum.
yeah, but if you feel that you can make a good trade out of it and you are comfortable with it, go for it. There is money to be made with low priced stocks. You just have to have a shorter trading time frame with them and sell them once the momentum goes against you.
Thanks. It's been an odd day looking at volume and price action. A couple of the indexes are going into resistance and I don't know how to interpret that with the mellow volume.
Agree on PWER, it has been acting quite well along with CATM
I have a feeling that the market might attempt a correction in the next couple of days. The VIX is nearing its low, so watch for that. If that is the case, simply sell, cash in the profit and wait for the next entry...
EONC another strong breakout. Good for a small position. Cut your losses if the stop closes below 2.00
ReplyDeleteWow! EONC was an incredible breakout; that's over 100% for some traders in one day.
ReplyDeleteYes, unfortunatly it didn't appear as a buy before the huge breakout. But...it should head higher if the market holds up...
ReplyDeleteBUCY is acting quite well.
ReplyDeleteYeah, I've been watching BUCY ever since you first mentioned it. I'm starting to appreciate more, the strong trend stocks, making stead upward progress and trading well in the double digits already.
ReplyDeleteSometimes there's that psychological misconception of thinking that I'll grad more upside from a $2.00 stock. I still like to have a couple! ...but I'm definitely shifting my focus to stocks that move slower, but with big momentum.
I just took a quick trade in ACLS, which is ironic given my above comment ;)
ReplyDeleteyeah, but if you feel that you can make a good trade out of it and you are comfortable with it, go for it. There is money to be made with low priced stocks. You just have to have a shorter trading time frame with them and sell them once the momentum goes against you.
ReplyDeleteDue to the market action, keep a tight stop on ACLS. I would sell if it closes near the LOD on above average vol,.
ReplyDeleteThanks. It's been an odd day looking at volume and price action. A couple of the indexes are going into resistance and I don't know how to interpret that with the mellow volume.
ReplyDeletePWER has been looking good.
Agree on PWER, it has been acting quite well along with CATM
ReplyDeleteI have a feeling that the market might attempt a correction in the next couple of days. The VIX is nearing its low, so watch for that. If that is the case, simply sell, cash in the profit and wait for the next entry...
Yeah, I've been watching the VIX, I was going to ask you about that. It's creeping steadily toward 20. I'm staging for my VIX / QID theory ;)
ReplyDeleteyep, it is nearing. It may have even put in a bottom today, unless the VIX closes near its low. Today is a good profit taking day.
ReplyDelete