lowtrade

[lowtrade]

Entry before breakout is VERY risky. Yes it could be an entry point, if you have a VERY high risk trading style. Other wise, it's a watch, to be moved to strong watch and eventually entry, when the bouble bottom pattern benchmarks are reached. As for thinly traded stocks, don't enter large on large breakout volume days. Unless you plan on exiting quick, while the volume is still around! Low volume stocks require fast action. The prices and volumes often move huge, both up & down.

I continue to NOT understand why so many like bottom plays!!! There fine is there are no up channels around. But with up channel plays around, logic tells me they are the better trade.!!!!!!!! http://www.finviz.com/screener.ashx?v=210&s=ta_p_channelup

I'm in PIR for 4 days now, plan to exit tomorrow, because of the run rule of thumb that runs last 3 to 5 days.