InvestorsHub Logo
Followers 124
Posts 6063
Boards Moderated 0
Alias Born 10/02/2006

Re: bud_fox post# 2371

Saturday, 03/15/2014 9:47:34 AM

Saturday, March 15, 2014 9:47:34 AM

Post# of 3898
More helpful tips.
Look at MDRM 2 days ago. To me, the Bollinger bands were somewhat close, the RSI was in a great range and the MACD was turning up. I then went to American bulls for confirmation of my find and the tool said this was the right time to buy and do not miss this opportunity to make big money.

Look at it today. The Bollinger bands are widening, the MACD is above the signal line and the RSI is heading toward 80 overbought territory and American bulls is saying to stay long. This is how fast these things change. One day it is saying it is a strong buy and the next day it's saying the bulls still have the upper hand but it is not the ultimate buying opportunity. I used to buy pink sheet stocks as a rookie and the experienced traders kicked my butt into the ground. MOST pink sheet stocks are scams and you will be badly burned if you buy them and wait long term. I feel bad for the rookies that play pinkies but I am the one taking advantage today. It's all part of the learning curve. I am very cautious buying pink sheet stock but there is huge money to be made. You jump in and take the huge ride but must get out relatively quickly. The rookies continue buying and waiting when the experienced traders are getting out and they get caught holding the bag, hence the term bag holder.