RE: US Stocks - Watchlist and Discussion (Premium)
(2014-04-16, 08:04 PM)shaunattwood Wrote: So in your interview with Stan he emailed:
A. I suggest doing secondary buying when a stock pulls back close to the breakout point, and you then see it stabilize near that level.
Does that mean when I look at these three stocks:
UTHR
ZNGA
PPHM
by putting their symbols in the sharpchart here: http://stockcharts.com/h-sc/ui
UTHR and ZNGA qualify, but PPHM doesn't.
The question that I asked Stan was about the secondary lower risk entry point following the Stage 2A breakout (point B on the below illustration), which in terms of the investor method is where you are supposed to put on the the second half of your position, following putting the first half position on at the Stage 2A breakout point.
So for UTHR that point in time on it's chart occurred in late 2012, for ZNGA it could potentially be around that point currently, and for PPHM I'd say that point occurred around February this year and it is now testing the area again, which is not usually a good sign.
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.