InvestorsHub Logo
icon url

TheMonolith

08/17/18 10:51 AM

#18120 RE: Emerald77 #18116

Emerald - CVSI is an absolute beast and wowing long-time market participants with it's sheer power. This is a dynamically changing situation. What I have confidence in saying is a 30% decline from the top will occur at some point. Where is that top? Anyone's guess. At 7, that's still a pullback to 5.

It looks like this is setting up for a Monday top now. I have withdrawn my short(thanks for not having shares available, lol), and will aim to get those shares Monday. It's too crazy for me to go long at this point, except maybe for a less than 3-4 hour trade.
icon url

CashMoneyCarl

08/17/18 11:03 AM

#18127 RE: Emerald77 #18116

What's your thoughts on intermediate top and bottom. I am looking from the perspective of buying and don't want to be buying at the top.



I know this wasn't to me but I feel a little compelled to answer anyway, I hope you don't mind.

In my opinion, when a stock is running like this one is then buy in anytime. It will only keep going up after you do. I would hate to miss out of some profit by trying to guess when the next dip occurs.

If (more like when) a sell off does occur, try to keep some funds available to buy more at that time.

I myself have made 5 purchases these past few weeks and am still holding them all. My last 2 were just to add shares because the stock was running and I didn't want to miss out. I am currently in as deep as I care to be and am glad that I am. This has easily been the best stock investment I have made, but to each their own. Invest at your own risk.