I just took a peek at RSI for MJNA and PHOT (76 and 79, respectively) which tells me that both are on the cusp of a correction. So, I'd say that if anyone is thinking of finding a decent entry point, just be patient another day or two. IMHO.
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I just took a peek at RSI for MJNA and PHOT (76 and 79, respectively) which tells me that both are on the cusp of a correction. So, I'd say that if anyone is thinking of finding a decent entry point, just be patient another day or two. IMHO.
It is still possible that DDD makes a run at it's 52 week high before starting wave C. The key will be to watch and see if DDD breaks above 68.44. It just might not have started wave C yet.
FSLR is a great trading stock. $1-$2 swings sometimes daily. Its been on some run the last week. Seems over bought and I think it may head down towards the 50 MA before it heads up. Look forward to that $40 sometime in the near future tho....
Sold 10000 of SIRI at 3.23....usually can't get the high of the day that prolly means its going higher.
I suppose if you are a day trader, those frequent one and two buck daily swings are attractive. Personally, I'm using FSLR as my proving ground for what I think the Stikky book is preaching............ that being primarily play the bounces off of the lower and upper trend lines. I've been quite successful (lucky) so far with FSLR, BAC, SBUX, and a couple of smaller ones. I'm thinking also that it is not overbought as I view RSI having taken a downturn in the last day and is at 59.63.Quote:
Originally Posted by Sundeeez
I too have four blocks of SIRI on the bid at 3.23 but for some reason they've not hit yet. I need to free up some resources to take advantage of a buy opportunity on AMT and soon to be on GMCR. A pal put me on to Phillop Morris two weekends ago, but it has literally gone ballistic since then. Once it comes out of the stratosphere I may try to pick some of that up for a long-term hold in my only account which is not tax deferred. Also PM pays a dividend which makes it attractive for a long position, IMHO.
MJNA BIG drop just now, rebounding...
how do I get real time data on MJNA (google delayed 15minutes)
Think this the start of a correction or just a quick dip? Seems to be going down further now...I sold at .495 after the comment about RSI, looks like the right move for now.
Quote:
Originally Posted by radejs
Thanks for the update Bass! It has bounced off of the lower trend line twice, yesterday and today.Quote:
Originally Posted by Limit5Bass
Attachment 854
For poops and giggles, I put a buy in this morning for MJNA at .40, never thinking that it would actually hit. Well, I guess I got lucky and it went thru at today's LOD.Quote:
Originally Posted by radejs
David
I said I would hold but sold all my green earlier this am, I just cant help myself!. It is down a bit since, I think a day or two of consolidation, need to breath a bit, I may be wrong and any news can make it pop, but I a ready with dry powder.