Finally, if you look w/ an OBJECTIVE eye, you can see where ONCI may have popped up on your scans maybe 17 or 21 Dec depending how strict your criteria are, and it paid to scale-out during its very short run into Xmas week, despite all the excitement over earnings.
On 27 Dec we saw even HIGHER VOLUME SELLING than we did on the POP, w/ that ugly reversal candle (again,27 Dec) so any trader I know would be completely out there...
If not THEN, when would you exit? You need some kind of money-making plan, other than hopes and dreams based on 'stories.'
You would also notice this past wk ONCI would NOT HAVE POPPED UP on any reasonable scan, so the 'share reduction' story would have been the only reason to buy into it this wk, and you can see how that went...
Maybe it'll turn around AGAIN next wk. Personally, I like to wait for evidence that shows up in my scans.
