RE: Beginners Questions
(2014-04-27, 06:06 PM)Tom Wrote: First one is MSO. I purchased MSO at 3.58 on 2013-12-02 and sold half of the positions at 4.76 Feb 25th since there was resistance from two years ago. Later MSO reached 2 year high on March 3rd then dropped to 3.8 now which is closed to its 30 weeks MA. I am thinking of repurchasing it back if the volume and price go up for 2,3 days. What's your thoughts? and What would you handle the other half position differently as a trader or investor?
In terms of Stage Analysis this weeks close below the 30 week MA and near to the the previous significant swing low puts this potentially in early Stage 3A. Although, it does still have a strongly rising 30 week MA and the whole pullback has been on average volume. The trader stop loss would be just below the previous swing low, and so it would be very close to being stopped out if you are using the methods rules.
I can't tell you what to do with your open position as it's against the law, as I'm not qualified to give financial advice. But I'd recommend looking at the "Weight of Evidence" from all the charts posted this weekend in the main Stage Analysis thread and the Market Breadth thread, as signs that the broad market is moving into Stage 3 are increasing. And the method recommends against going long when the market is in Stages 3 or 4.
With regards to your dividend question, it's not an area that I have enough knowledge about to give you advice and so hopefully one of the other members might be able to help you with that one.
i hope that helps a little bit at least.
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.