StockFetcher Forums · General Discussion · A Challenge ... the actual selections ...the best you can offer<< 1 ... 7 8 9 10 11 ... 12 >>Post Follow-up
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?



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.


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


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


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.


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 )


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


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


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 ?


EWZuber
1,373 posts
msg #28156
Ignore EWZuber
8/29/2003 11:47:33 AM

Sorry that was intended for bob79924.


StockFetcher Forums · General Discussion · A Challenge ... the actual selections ...the best you can offer<< 1 ... 7 8 9 10 11 ... 12 >>Post Follow-up

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