Decisions..... Decisions.... For anyone following the MDG list Case Study. ( writers embellishment ).
14 out of 22 New Rally MDG List Prospects have recent gains on friday. All have good one month charts with recent rises. NAUC has recent news that is at least OK anyways, The others simply dont have significant recent news in March anyways that I can see.
One additional filter to work on in the future is which has the most solid financials??? For now its like these are short term trades.... DD of financials is often weak or nonexistent with these types of stocks.
Sticking to the recent performance:
MSEV, GTEC, DVINQ, have highest chart performance with 1000% gains in the recent quarter. MSEV is the one of concern here it has dropped by 28% from its high.
<< Decision check >> well shouldnt we be looking for the next MSEV, GTEC, or DVINQ instead? Possibly but which 1 out of XYZ thousands. That decision making process needs work for more clarity !!!.
Common game theory] amongst investors is the "oldies but goodies" who say add to your positions during a correction. I say but what if it keeps going down ???? Well ya gotta believe. ( as if that helps, LOL ). In this theory just adding shares to an additional typical one stock position of 200 dollars / stock to MSEV would transpire on Monday.... Not gonna go with that this time. Maybe if it works next M-F week.
Does American Bulls Approve ? The only buy rating ( of the 3 hopefuls ) from American Bulls is for GTEC. That makes deciding easy..... but is it correct ?? I will say NO for now.
The Stockster has MEDC. naaaa already in the MDG list.
What do I think ?, I think that the market is telling so which has recent most building volume and rising pps ? ALL 3 I SAY... That helps me...not. Ideally a progressively increasing volume would exist to make this decision easy but all have topped out recently and now have high but lower daily volumes than recent peak volumes.
The stock with the last trading days volume beating the 10 day average is..... DVINQ by 100%, The other 2 GTEC and MSEV have only half of their daily volume of the 10 day average volume.
Hmmmmmmm. The plot thickens.
Well, ( they say )The time to Buy a stock is when the volume tails off a bit but whose to say that it will then increase anytime in the near future ( Difficult to predict volume ).
Sooooo... Back to the Dart Theory.... Whizzzzzzzz Plop. Ok which one did it hit ???
Starting to sound like a "Royal Bank of Scotland" commercial ? It sure is to me....
Instinct: MSEV is a good stock, but adding to its position is dangerous for it is in a bit of a freefall... So LEAVE IT ALONE and watch. GTEC and DVINQ are good stocks as well. JUST ADD THEM TO YOUR MDG LIST... The list will grow a little but that is OK until more is known about MSEV's course. That will have the effect of diversifying MSEV a little for the unsuredness until it begins its fantastic climb northward. ( hopefully ). And in the mean time so far you cant go wrong with GTEC and DVINQ and lets hope they put in a good week next week.
Final Decision:( remembering I am a NOOBIE ).
So for purposes of this study... Buy DVINQ and GTEC openning of trade Monday with new standard of 200 dollars each. ( cost will be 220 since commissions are 10 each ). ALSO: try to buy on a down dip if they are not tearing northward the whole day.
And WATCH CLOSELY MSEV this week. Try to justify selling it with SMA trendlines and volume and price action.
Ok..... Phew.... I have said enough for a Saturday.
Now Beer Me... Just kidding.... Sort of.
AI
