Saturday, September 10, 2005 6:25:45 PM
Some TA'ers use the 10 day crossing the 50 day ema for buying and selling....don't hit the highs or lows, but good for locking in profits or looking for a buy point. Plus, you can always try to second guess the chart and predict the crossover as in buying in a cup/handle formation as the right side of the cup starts to form and you feel confident in the stock and sector.
Back in May the 10 day ema crossed the 50 day ema for GLW indicating a buy:
For BIPH, several buy and sell points, as you can see, it's tougher using TA on a OTC stock that really has no fundamentals and just hype driving it:
Back in May the 10 day ema crossed the 50 day ema for GLW indicating a buy:
For BIPH, several buy and sell points, as you can see, it's tougher using TA on a OTC stock that really has no fundamentals and just hype driving it:
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
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