Replies to post #34341 on Bull Warrior Stocks

[peewee]

I bet you mean LJPC La Jolla Pharmaceutical Co. ! :-)

http://stockcharts.com/charts/gallery.html?LJPC

[Soapy Bubbles]

Hey,

This is a dumper play and the momentum is the play -- i.e. volatility is the profit. My charts are pretty useless on this one.

The only sane chart advice I can give is that LJPC gapped today since people got WAY too pumped up and happy. So, today should be the last day; barring any news. I would have swung out at about (eh, roughly) a little over a dime since I was watching it at the bottom. But that's me.

Now... Tomorrow will tell the story we want to know. So, for today, watch that last candle and identify it. It looks like a top or doji may form; indicating momentum reversal. If it reverses, wait for the RSI and STO to tell you an oversold condition and I'd bet a few hundred it'll bounce. I have 300 ready for the oversold day.