There is a time to be long and a time to be short. Anyone who is short anything more than a trade is making a HUGE mistake. There will be a time to short again. But when the market is rallying like this and so many charts are breaking, you have to be a blind fool to fight this tape. If anyone has missed this move, thank the perma-bears (media, negative people who lean left) who have scared you out of the market. This is why you learn charts and get the facts, instead of listening to idiots on TV who have NO experience making money year-in-year-out in the stock market.
Viva The Bull, until we get some REAL distribution days in the market. That will be a series of down days on much heavier volume than the day before in a short period of time.
More commentary later! :-)
New Swing Longs: LGTY ARXX CKCM GSIG MNTA PDLI BCF ECLP
New Swing Shorts: NONE
Longs Outperforming Market: BOOM-371% NDAQ-275% BMD-272% VRTX-135% EMKR-107% RES-107% BBD-93% ELTK-79% NRPH-78% DEZ-70% NWRE-70% MNG-65% AAPL-64% MSCC-63% AUY-63% CVO-62% SVR-62% RTK-53% MIDD-53% TRAD-51% LDSH-41% AKAM-40% ALY-39% BSMD-39% NVDA-36% MRB-36% FWLT-35% SLW-34% NXG-34% CRDN-32% ELN-32% DSGX-30% KGC-30% VGZ-29% CNET-29% GIGM-29% PAY-29% LOGI-28% RNOW-37% DIET-25% NMR-25% MNST-25% STMP AU IHS CLZR FAST STX ASVI ADBE FSL JBL VTS DB NEM IDSY SAY CWTR STD KEYS RAIL KNXA LIFE ENER CTXS ATU UEPS WBMD NAK ACTG ANX TFSM BGO BEAS WBSN OPLK NTO ASTE STJ HOMS GBN Q DROOY HAWK ARDI TOMO ALKS THQI UBS DVA MU ROK NOVL EDS EFII KLIC EFJI BAM BKHM MDM MCF UIC
Shorts Outperforming Market: NONE
3 comments:
DWCH looks like a very good stock. With quarter earnings coming this month, this stock could reach over $6.00. What are your suggestions?
Are you seeing climax-type action in TRAD here, or just a very strong stock having a huge bounce off of its 50 day MA? I got in around 13 and was considering taking some profits, but also don't want to miss out on a big winner as William O'Neill talks about in his books. Also, does the relative lack of new volume in OXPS following its breakout worrysome at all to you? Thanks for your opinions and thoughts - as a relatively new investor, I appreciate your blog.
My suggestion is to have a good cut loss with DWCH. I like the volume but hate the choppy chart pattern. It might just now be starting to shape up (it is starting to look nice). If that is the case I am sure it will come up on my scan soon. We will see. But for now I am not a fan.
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You can not see climax action in a stock that makes such big gains with such good fundamentals so soon. It is a strong stock bouncing off the 50dma.
Why dont you sell some of it? You know you dont have to sell all of it. It would suck to sell it out now and watch it make a 200% gain over the next year or so.
OXPS is fine. Once again, if you get "worried" sell some of your stock. OXPS lack of volume after breakout? Really. Well we must be looking at different charts because I see plenty of volume above the 50 dma. This is a late stage base anyways.
I wish you good luck in your investment goals.
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