OTIV is the Stock de Jour
OTIV (in at 2.23) might day trade this
ONP is another high powered stock that one should check out
posted by Nick M. @ 10:12 AM
Tuesday, January 05, 2010
About Me
- Name: Nick M.
- Location: United States
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
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6 Comments:
I dumped CYCC too early. I HATE it when I do that! ...I truly try not to follow up on stocks when I cut the loss ;) Just happened to grab a glimpse of it this morning though.
Chad, it is extremely difficult to hold volatile stocks such as CYCC. These stocks tend to exaggerate moves which can easily make one sell the stock before its time. In any case, do not waste your time chasing CYCC, there are better stocks out there that are more worth your time. I plan on buying more but I would ratehr wait until tomorrow and see how the market reacts. We are at a point time in which the markets can go in any direction, although there seems to stronger bias towards the downside. We'll soon see.
Another thing to consider. Stocks with charts like CYCC have an initial thrust and then come back down once gravity hits so they can begin building their base closer to their 50 and 200 day MA levels. A stock with a similar chart is GSIT.
Ouch, crazy move on CYCC. I've noticed that these sort of stocks have follow through breakouts once they retrace a bit. I will be studying CYCC's chart
I'm out of it, and didn't really get hurt bad, it's definitely a wild one though! Thanks!
CYCC may have more upside since it is full of momentum on its catalyst. But I'm not touching it...
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