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kiy

Followers 53
Posts 16175
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Alias Born 08/19/2010

kiy

Re: kiy post# 344

Friday, 06/29/2018 11:25:49 AM

Friday, June 29, 2018 11:25:49 AM

Post# of 426
RVLT...this one you can make $1-3 (that means my target is $7), I'm at 1/2 position bought at $3.93...it is still a little early...so you can see how this trade develops...UP or down...IF RVLT goes down I'll be more patient and wait for better signals and add shares.
It would have to go down at least 0.10 before I consider adding more shares...
RVLT ...CCI 20 is in oversold...a patient person would wait for CCI to come out of oversold...I'm building a position here...
(***see post I'm replying to...)

This is a good learning stock; (you need at least 300 shares to 1,000 shares)...anyway...you shouldn't get burnt too bad if the trade goes wrong...Risk 5% to make more than 10%==3.93 +10%=4.32 not difficult...Risk 5% on $3.93=3.733...$.20 cents...not even 1/4 point risk. If I placed a trailing stop on this (in case an overnight event crashes the Markets it would be $3.59 and move it higher as RVLT price advances a 1/4point...
Book value is around $3.56 so you're buying a little over book value. Next earnings July 31...
I trade to make money...swing trade...I start making good money on 10% moves...I expect to get more than $1 profit from this stock in the next 5-6 weeks with a swing trade...All you need to do is buy a ticket to ride, buy some shares RVLT...and follow your stops. Until you have enough profit from RVLT to own shares at no cost you are a swing trader...buy and hold is for widows and orphans...

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