RE: Watchlist - Investor method
(2013-07-18, 03:06 AM)anupam384 Wrote: ASTX: I know its been quite sometime since ASTX broke out. It also pulled back. I got in at 5.20. I think it still has room to run.
anupam - i like the sector a lot, and the chart. it has nice wide swings in the base - had a significant advance before the BO, and the RS pulled away from zero. those i recall are ingredients for big winners. i have several in this sector. acor, amag, itmn, thrx, cbst. just posted ino on the trader thread the other day, but wasn't sure about the entry point and didn't buy. it then took off so a good sign i guess for the group. idix is looking to form stage 1 base and is further behind than the others - maybe a chance to catch one on the breakout soon?
the only negative comment i can make is i am not sure about your entry. what are you using as your sell stop? looking at the daily, i could see using maybe 4.99?? but looking at the weekly i am not seeing nearby support. good luck and thank you for the post. i missed this one and added to my watchlist.