Replies to post #50171 on "House of Pinchers" (Pinch)

[jimmenknee]

I would pass on this one as a Pincher trade candidate starbuxsux as I prefer my Pincher set-ups to have certain minimum requirements displayed in the primary group of 3 signals:

1) RSI 14 dipping below 30
2) PPO 12/26/9 <= -10 (more flexible w/ this; in some cases it may approach -4)
3) ADX 14 > 40

I also like to characterize a Pincher-- in part -- by a rather sharp decline in a relatively short time-span & UFPI's decline seems too gradual and spread out over a longer time-span.

Lastly, while noting the appealing smaller float size (at just under 20 mill shares), the daily volume characterizes the stock as technically illiquid (with liquidity = daily volume >= 1% of the tradable float), which could create a problem when it came time to close the position.

I do like the potential growth storyline w/ sound back-dropped fundamental indicators, but not as a Pincher.

[BooDog]

$PLUG,$GALE,$NAVB,$SYN. :-)

$NAVB short squeeze potential


$PLUG $6??


$GALE new life


$SYN ascending wedge (needs the volume)