Thursday, September 16, 2010
22% increase in one day...Overextended?
...7 months later
22% increase in one day...Overextended?
Disclaimer: The Patient Fisherman is not a financial advisor, and does not recommend the purchase of any stock or advise on the suitability of any trade or investment. Stock trading and investing can cause loss of capital, and you should always consult with a professional financial advisor before trading or investing.
All Watchlists, Tools and Articles by The Patient Fisherman, patientfisherman.blogspot.com is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License.
Copyrighted Learn How to Trade Stocks | The Patient Fisherman. Converted To Blogger Template by Anshul .
Powered by Blogger | Theme by Simplywp
4 Response to Would you buy this stock?
I would not have touched it on February 10th because I would have thought it over extended. Wrong again.
The real question is should you buy it now. I rode it up for 21 percent of this gain. And it showed up on my screens again today. Only this time it's even higher than when I sold it around 55. It's got seven straight weeks of price increases. What do you say?
Which method are you using that is giving a buy signal at this level? Personally, I would wait for a decent pullback before entry. Catching 20% of the ride up is pretty damn good. You can't get stuck on the woulda/coulda/shoulda side of things.
Yeah I agree with you. I think once you sell a stock, you should probably just find another. Under the rules I should have held it at least eight weeks. But because the market turned, I sold. To keep track of it, I put it in the simulator to see what happens. Entered at $66.28. I think it's time for the big money to flow out but only time will tell.
Post a Comment