Originally Posted by neech:
I think the graph is what Lewdog looks for in a stock to buy, we need him to weigh in on what he thinks. On the surface it looks like a go IMO.
Not bad, you're learning!
It's low risk, if you make if that. Big red flags though which is ONLY why I'd take it with super low risk.
Red flags:
1. Current price is below it's 200, 150 and 50 day MA. Woof.
2. Many red days in June-August were on higher volume.
3. The stock has not shown any bit of a true reversal pattern yet.
One positive is short term trend line shows higher lows are happening, so it's possible this had bottomed.
Past 3 days of closing have had all very similar lows. 13.51, 13.45, 13.44. I bought late in the day and chose to make my stop like I normally do which is take the low of 13.45 x .999 so I set my stop loss right below a prior low. My stop registered at 13.43 today and I bought at 13.57, which is 1% risk.
Originally Posted by lewdog:
Not bad, you're learning!
It's low risk, if you make if that. Big red flags though which is ONLY why I'd take it with super low risk.
Red flags:
1. Current price is below it's 200, 150 and 50 day MA. Woof.
2. Many red days in June-August were on higher volume.
3. The stock has not shown any bit of a true reversal pattern yet.
One positive is short term trend line shows higher lows are happening, so it's possible this had bottomed.
Past 3 days of closing have had all very similar lows. 13.51, 13.45, 13.44. I bought late in the day and chose to make my stop like I normally do which is take the low of 13.45 x .999 so I set my stop loss right below a prior low. My stop registered at 13.43 today and I bought at 13.57, which is 1% risk.
And this is why you set stops as a trader.
Closed at 12.86 today. Buying in as a trader, without a stop, is just gambling. [Reply]
Originally Posted by Hog's Gone Fishin:
My best performer this month is ILUS , up over 100% and holding.
Meanwhile WHSI is down 29% and I'll hold for it to come back.
AMC looking strong.
I hope you get rich off of it, but ... what is ILUS? I looked for it, and as near as I can tell it's a hardware store that claims to work in ecommerce and does venture capital, but hasn't reported any revenues in two years and has cash holdings of $1,300. It has the feel of a guy at a kitchen table whose mother with dementia is the vice-president. [Reply]
