karennma
8,057 posts
msg #84596
- Ignore karennma |
12/17/2009 2:14:42 PM
I also got YRCW ... but it's already moved.
:>(
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Kevin_in_GA
4,599 posts
msg #84597
- Ignore Kevin_in_GA |
12/17/2009 2:18:12 PM
I have several different filters that rely only on moving averages - buy if it is above, sell if it is below. Daily and weekly variants, but I think you are more interested in the daily version:
Pivot Point-Based Filter:
You can also substitute above/below the PP moving average as well. A little less subject to whipsawing.
I have a similar filter that only uses VMA(10) as the trigger line - works pretty nicely as well.
Both of these would have kept me OUT of gold and silver, if I had bothered to respect what they were saying. As you can see, both GLD and SLV dropped below the trigger line on 4 Dec. My bad.
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VenturaTrader
43 posts
msg #84604
- Ignore VenturaTrader |
12/17/2009 10:25:38 PM
Karennma,
Be careful with YRCW! I spoke with one of their truck drivers yesterday; he does not think they will survive; going to BK. YRCW is having trouble with the bond holders converting to stock; similar to GM.
I am a lurker who enjoys your (and Kevin's) posts!
Mike
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karennma
8,057 posts
msg #84644
- Ignore karennma |
12/18/2009 12:05:02 PM
Ventura:
Thanks!
THIS IS EXACTLY why I HATE trading penny stocks.
I just like to look at charts. I know nothing about YRCW.
With pennies, you have to check the NEWS, to make sure they're not going BK.
Several months ago, I recommended STSA @ $1.23 as a SHORT. .. ONLY BECAUSE I knew they were going BK.
It's 0.60 now.
I normally don't trade pennies for that reason alone (possible BK).
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