bob79924
38 posts
msg #28099
- Ignore bob79924 |
8/27/2003 10:59:08 AM
Volatility is where the profit is. Also, the lower the share unit cost, the greater the percent swings. Also, the more shares, the closer the BE point is to your cost. Possible rolling stock: WGAT. Now at bottom of swing. What do you think?
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EWZuber
1,373 posts
msg #28103
- Ignore EWZuber |
8/27/2003 1:26:21 PM
Bought some TELM @ $0.80 this morning. Missed the bounce up off of trendline support so bought it about 5% above support ( above my 2% rule ) and keeping a short leash on it.
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EWZuber
1,373 posts
msg #28104
- Ignore EWZuber |
8/27/2003 1:33:54 PM
bob79924, I like it. It's a huge spec but looks like the technicals are in your favor for now, long and short term. With 'Monthly' stochastics in accumulation, 'weekly' stochastics converging at a cycle bottom, and 'daily' stochastics beginning a new accumulation phase these 3 will shortly all be in phase. Combined with improving EPS ( smaller losses ) and an increase in volume, this one could really go places for you. JMHO
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jthehut
124 posts
msg #28105
- Ignore jthehut |
8/27/2003 2:04:55 PM
In regards to WGAT, I would personally have waited for closer to the lower 13 day bollinger, and would like the rsi (14) to be a little closer to 30 range. Although volume has been going up in the last 4-5 months on average, it is still a little thin to trade on the daily basis for my liquidity tastes. May do well for you anyways, good luck!
M
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EWZuber
1,373 posts
msg #28107
- Ignore EWZuber |
8/27/2003 4:18:35 PM
WGAT does trade thinly, too thin for me but thats a personal decision. I think a position at $0.44 would be a good start, looking for a double bottom to form on hourly chart. If it breaks that as support i would be out till a bottom forms. The stock is oversold on hourly charts & selling volume seems to be drying up.
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EWZuber
1,373 posts
msg #28108
- Ignore EWZuber |
8/27/2003 4:46:28 PM
Results so far for Mondays picks ( from opening price not the intarday low );
EELN +10%
STG +11.5%
ONT +6%
This mornings picks;
Nite +2.4% ( in at $9.08 )
TELM +0 ( in at $0.80 )( normally wouldn't play these low priced stocks but had a few extra $$ left over )
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txtrapper
548 posts
msg #28112
- Ignore txtrapper |
8/27/2003 7:41:23 PM
bob79924...WGAT is down two days in a row (if it goes down tomorrow, it may show up in the Muddy Method Filter, then jump in. Hope this helps. In otherwords it just has not bottomed yet according to my TA and RSI(10) is still a little high and plus it's just below resistance @ $0.48, you need to wait until RSI(10)< 20 (< = below)on a Intraday 1 minute chart, then it's a much safer entry.
txtrapper
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txtrapper
548 posts
msg #28113
- Ignore txtrapper |
8/27/2003 7:49:35 PM
EWZuber.....TELM looks mighty good right now, wish I was in it, check out that huge black volume spike right a the close today, (instutional buying), my TA shows resisantce @ $0.86. Good looking stock, I'd give it a four****star rating!
txtrapper
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EWZuber
1,373 posts
msg #28155
- Ignore EWZuber |
8/29/2003 11:41:35 AM
jthehut, I see that by this morning WGAT is up about 14%. Not bad for a couple days. Did you pick it up ?
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EWZuber
1,373 posts
msg #28156
- Ignore EWZuber |
8/29/2003 11:47:33 AM
Sorry that was intended for bob79924.
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