RE: Watchlist - Investor method
(2013-08-09, 11:37 AM)anupam384 Wrote: Damn!! MCP missed. I thought this would pan out. Sorry I dragged you too in this.
Is not your fault, you highlighted a stock in Stage 1, and I made a decision to begin my accumulation right before earnings. So it was a gamble on the short term price action, as it would have likely broken out into Stage 2A if the earnings had instead beat expectations, but my intention is the same in that I'm interested in holding it for the long term as it's in my pension account and accumulating more shares in the coming months as long as it doesn't break below the Stage 1 range, in which case I would exit. But we'll see what happens after today's initial carnage in the price action.
(2013-08-09, 11:37 AM)anupam384 Wrote: Did you like RMTI? If not, could you explain why. I know, it did not form a base for long.
It had a very big volume move from it's lows (possible short squeeze) and has formed a new swing high near 6, so that would be the Stage 2A breakout point to watch imo. But currently the 30 week MA is strongly declining and relative performance is still well below the zero line, as well as being under a fair amount of resistance from the 2012 price action. So I only rate it as Stage 1A personally.
(2013-08-09, 11:37 AM)anupam384 Wrote: What do you think about MAKO. After stage 4 decline, it formed a base and broke out in the week of July 28 on high volume
MAKO is in Stage 2A, the 30 week MA has turn up, relative performance has broken above the zero line, and volume was around double the average on the breakout week, and there's not any significant near term resistance, so it looks like a promising candidate for a Stage 2 advance imo.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.