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KING_TRADER$, I believe its market uncertainty, the one thing the market hates most.
TOP1, not yet a "Buy". Candlesticks are still bearish. Recent candlesticks are showing a bullish One White Soldier, but have yet to confirm that signal. This was shown on Dec. 16, 2013. I'm keeping a close eye on this one.
DumpsterDiver, I believe so.
Burmamonster, 6/3/14 is when the "Lock-Up" period expires.
subslover, it seems like eastunder explained it well. However, I did not know they got rid of their CEO. I also didn't notice the PPS was beaten down so much. I would have jumped in had I saw the 52 Week Low of $2.50 on Dec. 12, 2013. At the time it was trading 30% below BVSP. I like value, but this could take another dip possibly. I'll have to keep a closer eye on this one!
alexander77, I have made no investment in either. I have no intreats in REITs at this moment. Though I think we both made the right choice investing in the financial sector. When the Fed tappers, interest rates will rise. The financial sector is the most undervalued sector.
detearing, I think that is very realistic and possible.
JD400, that's a nice chunk of change.
readytrader, this guy might be about to help.
nreithinger@eventusag.com
GreenReeper, what chart were you talking about?
detearing, haha. Good analogy!
detearing, I agree!
alexander77, good luck!
lowtrade, haha. Yes, I have heard that. I understand your low risk strategy and totally agree, even as a young investor who can afford to take the risk. It simply makes sense, this is the stock market, not the casino. We should not predict, but act on what has happened.
I understand very much your strategy on half investing and half trading, I truly wish I could. Though I don't think you really understand my situation. I had $1,500 in my brokerage account and ended up with $250. I held the penny stock for almost 2 years. This is the penny stock my once was friend told me to buy and not to sell. I didn't know anything about investing until I decided to learn in May of 2013 when I sold it and decided to learn about investing.
I now have $300 from investing in Bank of America (BAC), but that is still not enough to trade and invest. I didn't want to offer up this information, but I feel I needed to put things in perspective for you. I'm in college and work part time since I decided to go back to school this past summer. I try to save as much as I can, but most of it goes towards the next semester's college, gas and such. This semester ends on Friday and I will work full time till spring semester. I don't think I will be able to add to the account for a while longer. I wiped out my 6 months living expenses and need to recoup that and pay for college books.
I'm doing the best I can with what I have. It's a bummer I lost all of that capital on a penny stock, but like someone told me after I sold it, it will open your eyes to what the stock market can do.
JJ8, interesting, thank you for sharing. The Japanese Candlesticks are telling us a few things. I took a look at the S&P 500 Index chart. I see a Bearish Stop Loss which presented and confirmed itself today. Now, a Bearish Stop Loss is not a Japanese Candlestick. Bearish Stop Loss is what we call when it closes below the close of the last bullish pattern. Of course, the name Stop Loss suggests you sell. Though don't take the name of it as a sign to sell just because it's called Stop Loss. You or anyone else who reads this should be the judge of that.
The financial sector is looking bearish as well. On Nov. 29, 2013 the chart showed a Bearish Engulfing pattern. This was confirmed on December 2, 2013.
For Bank of America (BAC), the bearish pattern I mentioned Dec. 5, 2013 is still in effect. The Bullish Homing Pigeon that presented itself on Dec. 6, 2013 still hasn't confirmed itself and is becoming more likely that the pattern will fail to meet the requirements. For the Bullish Homing Pigeon to confirm itself we need a PPS above $15.56. Until the PPS rises above the $15.56, we are looking for another candlestick pattern to present and confirm itself.
Seeing that the S&P 500, financial sector and BAC are all showing their bearish patterns, we can conclude that the bears are in control.
Thank you for reading and good luck to all, Gulley
Drangonfly79, that sounds about right.
alexander77, I didn't realize the vol. was so low here.
Sleigh-Ridin'Larry, it's a big one!
Burmamonster, I'm waiting till the lockup period is past.
Good luck to all on the Mega Millions tonight!
tr8dervic, thank you for helping me better understand.
lowtrade, I understand. I feel this is moving more deeper into Charting and TA, which is fine. Hear me out, when you say trade 3 to 6 months or an investment 6 months to a year. I have noticed after learning your charts, say for an example a "wedge up" that it moves from bottom trend line, it's the top and then falls down to the bottom trend line only slightly higher. These are good entry and exit points, is this what you're referring to?
As I am becoming more knowledgeable about Charting and TA, I have noticed many compound gains I could have made in Bank of America (BAC). Though I believe you might remember, I lost 750% on my first investment. Being a broke college student I don't have enough to hold a long position while trading up. I hope to get more funds in the near future, but for the time being, I am trying to be as safe as possible while investing. BAC is the first investment I have made on my own, the one I took a big hit on was a penny stock a friend told me to buy. You and Citrix helped teach me about value investing and I am very grateful. In fact my BAC position is up 20%.
I understand about "trading the best of the best". I will focus on your strategy for now and test the other ideas later. I don't want to get too carried for the time being.
moneymarker$, sometimes the candlesticks can be slow to confirm and sometimes the candlesticks can be quick to confirm. I'm quickly learning that Japanese Candlesticks can be a test of patents.
lowtrade, way ahead of you! I would never test with a cash account!
"lowtrade, I have been testing your "Best of Bread" strategy on a stock simulator. I bought Dollar General (DG) because at the time it met the requirements. Then a few days later 3M Co (MMM) met the requirements because Conglomerates became the best preforming sector in the past year."
Focusing on entry using charting, I wouldn't consider my knowledge reliable enough yet putting it to use (even on a simulator). Although the link you provided me weeks ago has been very helpful in me spotting trends and I am beginning to be more efficient. Though we will talk more about this later.
When entering a long-term investment, entry price is not at the top of my concerns. Though I believe it can be useful in the future as I become more knowledgeable about chart trends and candlesticks.
So to strengthen my point, consider I'm blind and can't see the charts as of now. Putting aside any form of technical trading, would you believe that -4% is acceptable when using this strategy if necessary?
I will be sure in the future when using this to be careful not to buy in too soon before earnings are released.
I am glad you mentioned to test it 6 times with a 2/3, win/loss ratio. I was planning on just testing it 3 times. Then tonight I will find 3 others to fit the criteria. I bought Hollysys Automation Technologies Ltd (HOLI) last night based on this strategy.
I know you said to diversify that next best preforming sector of the past year is acceptable or 6 months is also acceptable.
I curious, would it be acceptable going deeper and finding the "Best of Breed" going deeper into a certain industry of a sector? Also, is it acceptable to find "Best of Breed" of each market cap?
I'm just trying to explore and test using the "Best of Breed" strategy, but if I'm getting off track here, please let me know.
Thank you, Gulley
moneymaker$, Bullish Homing Pigeon still not yet confirmed.
Pharaoh-1, I agree. Do expect some resistance.
Pharaoh-1, lucky duck! It's shown bearish candlestcks, but fails to confirm them while continuing bullish.
Gregwit, your first stock being a winner can make you feel too confident, tread lightly. I'm going to send you a PM.
Gregwit, it's just my opinion. You seem new to investing/trading, am I correct?
Gregwit, that is something you have to decide on yourself. Don't take anyone's advice as a specific inducement to buy at a certain price. Have you already done your due diligence before looking to invest?
Gregwit, I understand. Take your time and do your due diligence. As for price speculation, I wish I could give you an answer as I don't have a clue. This stock just caught my eye because it's the best of its breed in the biotech industry. Best of breed usually tells me that it's a good long-term growth stock. How long, I wish I knew the answer to that also. There's a low float here so the stock is very violate. Just look at the beta which proves it. The beta is 5.52 which tells us it's 452% more violate than the market. Like I said earlier, I don't invest in biotech's because I don't understand the business. You sound like you know a lot more than myself. I'm simply just sharing what I found, just be sure to do your due diligence and decide on your own weather you want to trade/invest!
Good luck and looking forward to what you find, Gulley
Pharaoh-1, very bullish lately. Must have been that wedge chart pattern.
TOUCAN, thank you for sharing!
JJ8, as always thank you for your insight. Would it be possible for me to inbox you a email address or have you come over to my board to help explain these indicators for me?
alexander77, looks like it was a bearish day for most REITs.
Gregwit, what do you think?
Gregwit, interesting PR. I'm sorry, I don't understand the map in the iBox. This is not commercially available in the US correct? As I said before, I stay away from biotech's, not intentionally though. I'll send you one long-term growth biotech stock that I think could be a huge winner.
bigduke, thank you for helping me better understand. Well, without getting too political. Any differences aside for whoever reads this, I am Republican. Though I specifically believe Govt. should not regulate many things, one being hedge funds. I'm not quite sure what view point this is. Now, don't get me wrong, there are many good things the Govt. regulates like the banking sector, SEC, and many other things not on Wall St. Though my idea is that if the hedge funds don't specifically hurt the market, then its fine.
There are some very risky hedge funds and I do believe some hedge funds should be halted to prevent a financial crises, but there are also some that should be allowed as long as we know what the hedge fund's objective is and how it plans to meet that objective without risking the bank itself. Sure, I'd enjoy a profit just as much as the next trader/investor.
Though I guess the point I'm trying to get across is, the less regulation the better. Though I still believe regulation is necessary. Just like Alan Greenspan who believed that no regulation was needed, but in fact was needed. It's important to learn from mistakes and prevent it from happening again. The Volcker Rule is great to prevent a bank failing, but the Uptick Rule is not. I fail to see this issue to be a big enough problem to regulate.
This is topic has been getting farther away from Bank of America (BAC), if you would like to speak more. You're welcome to communicate to me through a message board I oversee.
Link: http://investorshub.advfn.com/30S-TOO-OLDE-27562/
Just my opinion, Gulley
ALERT: Trading on the OTC Markets Exchange Has Resumed
bigduke, I was reading about hedges during school this morning via iPhone. I don't have the article and this is not word for word. Though interesting points that were made. Hedge funds account for 70% of daily volume daily. Without the hedge funds markets would be much less violate. The most interesting, hedge funds are like a drug to the retail investor and it could be hard adapting without them. Even with a strict uptick rule, this could greatly affect.