RE: Watchlist - Investor method
(2014-08-20, 12:19 AM)jgalt Wrote: Went long on PLNR last night. It's surpassed it's yearly high and no nearby resistance in sight. Volume is still very strong, formed a few days flag (not sure how strong that is). Well above 30 week MA. But RSI is really high. Any thoughts on the upcoming weeks? Hopefully I can get out around 4.60$/4.70$
Imo, don't necessarily look to limit your gains to $4.60-$4.70 range... The stock could pullback in the short-term, but then potentially go even higher. Depending on your style, study the investor or trader method exit strategies to determine the right exit point so that you don't cut your profits short. Also, make sure that you have a proper stop-loss set in case things unexpectedly go severely wrong.
I've missed more than 9,000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over again in my life. And that is why I succeed. - Michael Jordan