(This post was last modified: 2013-09-28, 09:28 PM by theory6453.)
RE: Watchlist - Investor method
(2013-09-28, 03:44 AM)anupam384 Wrote: As far as the stocks that are in my watchlist or that I plan to get into soon are as follows:
znga - like it
halo - missed it
gern - missed it
gluu - will wait for it breakout
ctic - not sure if the base is in yet
pacb - like it
idra - love it
appy - will wait for it to breakout
onty - will wait for it breakout
gnvc - not sure if the base is in yet
Over to you experts !
Thanks anupam384! Of your picks, I think I also like IDRA the best (especially since pacb had HUGE move this week and would qualify as 'missed it' for me... hope you got in).
IDRA doubled in value since breakout and is now in a significant 30%-40% pullback. The majority of technicals look good to me to move higher and Health Care sector and Biotech sub-group are both in Stage 2. My one main concern would be that the volume has been higher on the pullback than it was on the actual breakout and we have talked about wanting to see the pullback on declining volume. Otherwise I would like to continue to see it pullback to $1.50 entry point before moving higher. It seems to have a lot of potential where I think ZNGA may still be a little premature.
Thanks for the heads up!
***Update - Here's an interesting article on IDRA
http://seekingalpha.com/article/1712362-...nd-q1-2014
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