(UTA)'s earnings news came out just fine last night, the stock opened higher and then it proceeded to tank, eventually closing down over 10%, right back to the $13 level. The eight week hold rule is either created specifically to ride out this kind of volatility, or it's just setting me up for disappointment. We'll see.
Aside from this stock there are a couple that could be setting up three weeks tight patterns - (BIDU) and (ARST) specifically. (BIDU) has been strong, (ARST) a bit hard to figure out this rally.
In fact, I have to admit I'm a little challenged overall in this rally. I've stopped out on (GMCR) which had the look of a big winner. I've bungled (FUQI) and (STEC) several times and continue to watch them lead the market while I don't own them. I feel at a bit of a crossroads and want to make any new purchases very carefully.
I have to admit investing is harder than I thought it would be.
I'm going to try something new and set up a private forum for investment discussion. There are a couple of readers of this blog who've contacted me and we enjoy sharing ideas and opinions on stocks. I find this very helpful and want to use a forum because once you get more than two people email isn't a great way to carry on a conversation. I'll post a link to the forum here, and see if there's any interest from other readers of this blog (if there are any besides my Mom).
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El Capital / Capital Basica de bolsillo / Pocket Baisc Spanish Edition Karl
Marx 9788446012221 Books leer SXB
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El Capital / Capital Basica de bolsillo / Pocket Baisc Spanish Edition Karl
Marx 9788446012221 Books libro electronico
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5 years ago
1 comment:
Geoff,
I hear what you are saying. I think I have managed to learn Won's system to the level that I should be making money but it hasn't happened yet.
I took the plunge and subscribed to a service another IBD forum member mentioned. Best Trend Trades. Coffer at Timing the Trade thread was the one who uses that service and has been successful and knows what he is talking about. We'll see how that goes.
I know we need to be investing in the best stocks out there and I believe I have tried to do that but yet I still don't have the "edge" to come out on top.
Good luck.
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